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. Then the EOQ is ______.
A. 200
B. 300
C. 400
D. 500
B. 300
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Jason comments in passing that it would be nice to have so much vacation time. Joan thinks, “That’s odd--I haven’t taken vacation this month.” Jason and Joan are likely in which stage of the conflict process?
A. outcomes of conflict stage B. manifest conflict stage C. antecedents of conflict stage D. perceived/felt stage
A general purpose of the UCC is to:
A) Protect parties from entering into unconscionable contracts. B) Standardize commercial law and facilitate commercial transactions. C) Protect the merchant who deals in goods. D) Protect the consumer.
Under the doctrine of discharge by impossibility of performance, impossibility occurs when:
a. a party to a contract dies b. a law is passed making performance illegal c. the subject of the contract is destroyed d. none of the other choices e. all of the other specific choices
In testing the hypotheses H0: ? = 0.40, H1: ? > 0.40 at the 5% significance level, if the sample proportion is .45, and the standard error of the sample proportion is .035, the appropriate conclusion would be:
a. to reject H0. b. not to reject H0. c. to reject H1. d. to reject both H0 and H1.