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