Cynthia Baker, manager of a large medical supply house that operates 50 weeks per year and 5 days per week, has decided to implement a fixed-period inventory system for all class A items. One such item has the following characteristics: Demand = 10,000 units/year Order cost = $50/order Holding cost = $5/unit/year If Cynthia wishes to minimize the total cost (thereby approximating the economic
order quantity (EOQ)), what should be the value of T, the number of workdays between orders (i.e., review period)?
a. Less than or equal to 8 days
b. Greater than 8 but less than or equal to 10 days
c. Greater than 10 but less than or equal to 12 days
d. Greater than 12 but less than or equal to 14 days
C (T = 11.2 days, EOQ = 447)
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The Harry Johnson Tractor Company wishes to expand its presence in the Eastern European countries. Toward that end, it has selected the countries where it will market its products. It has also selected a mode of entry. It is now in the process of implementing specific plans. Which of the following phases of the international planning process is the Harry Johnson Tractor Company currently in?
A. Phase 1 B. Phase 2 C. Phase 3 D. Phase 4 E. Phase 5
The lawfulness of government classifications based on a protected class is examined using a(n) ________ test
A) strict scrutiny B) intermediate scrutiny C) intellectual basis D) cogent basis