Scenario:
A. Option B
B. Option A
C. Option D
D. Option C
Answer: D
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NEW QUESTION: 1
The only Process Group that comprises processes that typically occur from the beginning to the end of the project life cycle is:
A. Planning.
B. Closing.
C. Monitoring and Controlling.
D. Executing,
Answer: C
NEW QUESTION: 2
Scenario:
A. Option B
B. Option A
C. Option D
D. Option C
Answer: D
NEW QUESTION: 3
A characteristic of the basic economic order quantity EOQ) model is that it:
A. Is used when product demand, lead-time, and ordering costs are uncertain.
B. Should not be used when carrying costs are large in relation to procurement costs.
C. Should not be used in conjunction with computerized perpetual inventory systems.
D. Is relatively insensitive to error.
Answer: D
Explanation:
The basic EOQ model equals the square root of the quotient of 1) the product of twice the demand times the cost per order, ) divided by the periodic carrying cost. Hence, the model is relatively insensitive to error. A given percentage error in a value results in a lower percentage change in the EOQ.