The order quantity used in the EOQ model is the quantity of inventory ordered
A)during one year.
B)for one job.
C)for one department.
D)at one time.

Name: The order quantity used in the EOQ model is the quantity of inventory ordered A)during one year. B)for one job. C)for one department. D)at one time.
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Question

Quizplus · Accepted Answer

The EOQ model calculates the optimal quantity to order at one time, also known as the economic order quantity. It is not based on the quantity ordered for a specific time period, job, or department.

The Order Quantity Used in the EOQ Model Is the Quantity