A local distributor for a Belgian chocolate manufacturer expects to sell 12,000 cases of chocolate truffles next year. The annual holding costs for the truffles are $16 per case per year. The ordering cost is $60 per order. The distributor operates 320 days a year. In this example, ______.
a. the total holding costs are given by 12,000 divided by $16
b. the total holding costs are given by 150 times $16
c. the total holding costs are given by 12,000 times $16
d. the total holding costs are given by 300 divided by $16
b. the total holding costs are given by 150 times $16
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What will be an ideal response?
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Answer the following statement true (T) or false (F)