Economics Order Quantity Assumptions Quiz
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Questions and Answers

In the basic EOQ model with no shortages, which assumption does not apply?

  • There is an upper bound on the quantity ordered
  • The entire reorder quantity is delivered instantaneously
  • The demand rate is uniform and constant
  • There is a positive cost on each unit inventoried (correct)

    • What will cause the optimal lot size in the classic EOQ model to increase?

  • Either option A or C
  • A decrease in inventory carrying cost
  • A decrease in demand
  • An increase in demand (correct)

    • During loan repayment, what is a borrower almost always required to do?

  • Pay exactly the same amount of interest each payment
  • Repay the loan over an agreed-upon amount of time
  • Pay exactly the same amount of principal each payment
  • Both options A and C (correct)

    • How is 'work in process' classified?

    <p>An asset (C)</p> Signup and view all the answers

    What does the IPC spending variance represent?

    <p>The difference between the actual IPC and IPC volume-adjusted budget (C)</p> Signup and view all the answers

    What does the Economic Order Quantity (EOQ) minimize?

    <p>Inventory cost per unit time (A)</p> Signup and view all the answers

    Which of the following best describes a material that has been spheroidized, cold drawn, and slightly tempered?

    <p>Ideal for making ball bearings (B)</p> Signup and view all the answers

    What are the matrix elements of Z in order of descending data magnitude?

    <p>Z(2,2), Z(1,1), Z(2,1), Z(1,2) (D)</p> Signup and view all the answers

    Where do stress concentrations occur?

    <p>Near the points of application of concentrated loads (A)</p> Signup and view all the answers

    After the program segment is performed, what are the values of X and Y?

    <p>X=0, Y=0 (D)</p> Signup and view all the answers

    What is the purpose of the program segment involving the DIMENSION and DO loops?

    <p>To find a sum of the even numbers between 1 and 100 (D)</p> Signup and view all the answers

    What is the correct definition of normal strain (ε) in terms of elongation (δ) and length (L) of a specimen?

    <p>$ε = δ/L$ (A)</p> Signup and view all the answers

    What is the value of R in the MAIN program based on the given statements?

    <p>A=3.0, B=4.0 (B)</p> Signup and view all the answers

    In a stress-strain diagram, what is the correct term for the stress level at ε = 0.2% offset?

    <p>The offset yield stress (A)</p> Signup and view all the answers

    Under which type of loading does fatigue occur?

    <p>Repeated load (D)</p> Signup and view all the answers

    Which of the following are true statements regarding user-defined functions?

    <p>I and III. (C)</p> Signup and view all the answers

    When a load is removed from a material and the strain disappears, what can be deduced about the material?

    <p>It is elastic (B)</p> Signup and view all the answers

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