Inventory Management MCQs

The model and formula of EOQ was developed by in 1913

April 29, 2022

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The model and formula of EOQ was developed by in 1913

Q. The model and formula of EOQ was developed by in 1913.

A. F.W. Taylor

B. F. Wilson Harris

C. F. Walter Harris

D. F.W. Marshall

Answer: F. Wilson Harris

The model and formula of EOQ was developed by in 1913

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Which of the following technique can be used for inventory control?

The model and formula of EOQ was developed by in 1913

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…………….. is an optimum quantity of material to be ordered every time an order is placed. EOQ may be defined as that quantity of purchase which minimizes material order cost and material carrying cost

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