Minimum total ordering and holding costs is called

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Reference no: EM132267064

1. The amount of inventory to order that will total the minimum total ordering and holding costs is called the ________.

Economic Reorder Point (ERP)

Economic Order Quantity (EOQ)

Cost Accounting Point

Reorder Point (ROP)

2. If the amount of cash that flows in and out of your business changes significantly during certain times of the year, include the following in your business plan: ________.

flow chart

a projected cash flow statement

expectations for seasonal variations

a cash flow statement

3. A(n) ________ is an official document that gives you the right to carry out a specific activity, such as an outdoor festival.

entitlement

license

permit

certificate

4. Which of the following are not usually not-for-profit organizations?

churches

book stores

trade associations

charitable foundations

5. The inventory method where you look at the inventory on hand, and when the stock level of an item appears to be low, you reorder is called ________.

visual control

basic control

estimation

proximal management

Reference no: EM132267064

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