All of the following are true regarding the Economic Order Quantity model except which one?
A) It determines the cost-minimizing quantity managers should order to keep in inventory.
B) It assumes demand is known with certainty.
C) It accounts for seasonal changes in demand.
D) It assumes demand is spread evenly over a time period.
C) It accounts for seasonal changes in demand.
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Human capital is acquired
A) only in school. B) only through on-the-job training. C) only through job experience. D) through schooling, job training, and experience. E) only at birth, that is, it's people's inborn talents.
Young male adults provided the single largest group of migrants. This helped increase human capital in the U.S
Indicate whether the statement is true or false
The United States recycles a greater portion of its garbage than Japan does
a. True b. False
According to the simple circular flow concept, whenever planned investment is less than planned saving
a. inventories accumulate. b. output increases. c. prices rise. d. employment increases.