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Question: If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by
[A].

[B].

[C].

[D].

Answer: Option C

Explanation:

No answer description available for this question.

If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by Read More »

Industrial Engineering And Production Management, Mechanical Engineering

In A-B-C analysis, which class of items are generally large in number?

Industrial Engineering And Production Management, Mechanical Engineering / admin

Question: In A-B-C analysis, which class of items are generally large in number?
[A].

[B].

[C].

[D].

none of these

Answer: Option C

Explanation:

No answer description available for this question.

In A-B-C analysis, which class of items are generally large in number? Read More »

Industrial Engineering And Production Management, Mechanical Engineering

In inventory control, the economic ordering quantity is obtained by the quantity whose procurement cost is equal to inventory carrying cost.

Industrial Engineering And Production Management, Mechanical Engineering / admin

Question: In inventory control, the economic ordering quantity is obtained by the quantity whose procurement cost is equal to inventory carrying cost.
[A].

True

[B].

False

Answer: Option A

Explanation:

No answer description available for this question.

In inventory control, the economic ordering quantity is obtained by the quantity whose procurement cost is equal to inventory carrying cost. Read More »

Industrial Engineering And Production Management, Mechanical Engineering

During colonial times in America, juries were encouraged to ask questions of the parties in the courtroom. The jurors were, in fact, expected to investigate the facts of the case themselves. If jurors conducted an investigation today, we would throw out the case. This paragraph best supports the statement that

Analyzing Arguments, Logical Reasoning / admin

Question: During colonial times in America, juries were encouraged to ask questions of the parties in the courtroom. The jurors were, in fact, expected to investigate the facts of the case themselves. If jurors conducted an investigation today, we would throw out the case.
This paragraph best supports the statement that
[A].

juries are less important today than they were in colonial times.

[B].

jurors today are less interested in court cases than they were in colonial times.

[C].

courtrooms today are more efficient than they were in colonial times.

[D].

jurors in colonial times were more informed than jurors today.

Answer: Option E

Explanation:

The paragraph focuses on the idea that the jury system is different from what it was in colonial times. There is no support given for choices a, b, and c. Choice d is incorrect because, even though jurors in colonial times were expected to investigate and ask questions, this does not necessarily mean that they were more informed than today’s jurors.

During colonial times in America, juries were encouraged to ask questions of the parties in the courtroom. The jurors were, in fact, expected to investigate the facts of the case themselves. If jurors conducted an investigation today, we would throw out the case. This paragraph best supports the statement that Read More »

Analyzing Arguments, Logical Reasoning