Scenario:
A. Option C
B. Option A
C. Option B
D. Option D
Answer: A
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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. Monitoring and Controlling.
B. Executing,
C. Planning.
D. Closing.
Answer: A
NEW QUESTION: 2
Scenario:
A. Option C
B. Option A
C. Option B
D. Option D
Answer: A
NEW QUESTION: 3
A characteristic of the basic economic order quantity EOQ) model is that it:
A. Is relatively insensitive to error.
B. Should not be used in conjunction with computerized perpetual inventory systems.
C. Is used when product demand, lead-time, and ordering costs are uncertain.
D. Should not be used when carrying costs are large in relation to procurement costs.
Answer: A
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.