Which of the following is not an assumption of the economic order quantity model?
a. Demand is known, constant, and independent.
b. Lead time is known and constant.
c. Quantity discounts are not possible.
d. Production and use can occur simultaneously.
e. The only variable costs are setup cost and holding (or carrying) cost.
d
Business
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A court found an oil company guilty of placing profits over the safety and well-being of its employees. This situation can be classified as
a. ethical. b. unethical. c. an ethical issue. d. a dilemma. e. a justice issue.
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Soft drinks are an example of a bulky product whose widespread availability is an important aspect of an effective marketing strategy
Indicate whether the statement is true or false
Business