In the EPQ model, if all the assumptions are true, then the total annual cost associated with the inventory is the sum of ______.
A. total annual setup cost and the total annual holding cost
B. total annual setup cost and the total annual ordering cost
C. total production cost and the total annual ordering cost
D. total production cost and the total annual holding cost
A. total annual setup cost and the total annual holding cost
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Indicate whether the statement is true or false
Which of the following is true of the right to disaffirm?
A. If there was no reason to know of the other party's lack of capacity, the contract can be disaffirmed without placing him or her in status quo. B. People lacking mental capacity cannot disaffirm their contracts. C. If the plaintiff knew or should have known of the other party's incapacity, the person lacking such capacity is not allowed to disaffirm without restoring the status quo. D. On disaffirmance, people lacking mental capacity must return any consideration that they had received.
Which of the following is the last step in the questionnaire design process?
A) arrange the questions in proper order B) eliminate bugs by pretesting C) identify the form and layout D) reproduce the questionnaire E) present the results to the client
Answer the following statements true (T) or false (F)
1. Unit cost per service is calculated by dividing total costs by the total number of services provided. 2. Knowing the unit cost per item helps managers set appropriate selling prices. 3. If a merchandising company determines that the unit cost to purchase a product is less than the unit cost to manufacture the product, the company should make a decision to begin manufacturing the product 4. The primary activity of manufacturing companies is to purchase goods from a wholesaler and resell them.