{"id":18364,"date":"2024-04-15T05:25:20","date_gmt":"2024-04-15T05:25:20","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=18364"},"modified":"2024-04-15T05:25:20","modified_gmt":"2024-04-15T05:25:20","slug":"if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/","title":{"rendered":"If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a99614952dc6\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    3,000                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    2,000                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    7,000                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    zero E. None of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is $\\boxed{\\text{B. }2,000}$.<\/p>\n<p>The order quantity is the amount of an item that is ordered each time an order is placed. It is calculated by taking the gross requirements, subtracting the inventory on hand, and adding the safety stock. In this case, the gross requirements are 2,000, the inventory on hand is 3,000, and the safety stock is 500. Therefore, the order quantity is $2,000 &#8211; 3,000 + 500 = 2,000$.<\/p>\n<p>Option A is incorrect because it is the inventory on hand, not the order quantity.<\/p>\n<p>Option C is incorrect because it is the sum of the gross requirements, inventory on hand, and safety stock.<\/p>\n<p>Option D is incorrect because it <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> is zero. The order quantity cannot be zero, because that would mean that no items are ordered.<\/p>\n<p>Option E is incorrect because it is not one of the possible answers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[678],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above\" \/>\n<meta property=\"og:description\" content=\"Join Our Telegram Channel Subscribe on YouTube\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T05:25:20+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/","og_locale":"en_US","og_type":"article","og_title":"If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above","og_description":"Join Our Telegram Channel Subscribe on YouTube","og_url":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T05:25:20+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/","url":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/","name":"If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T05:25:20+00:00","dateModified":"2024-04-15T05:25:20+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/if-gross-requirements-are-2000-inventory-on-hand-is-3000-reorder-point-is-500-and-eoq-is-1300-the-order-quantity-is-a-3000-b-2000-c-7000-d-zero-e-none-of-the-above\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Management information systems","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/management-information-systems\/"},{"@type":"ListItem","position":4,"name":"If gross requirements are 2,000, inventory on hand is 3,000, reorder point is 500, and EOQ is 1,300, the order quantity is A. 3,000 B. 2,000 C. 7,000 D. zero E. None of the above"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/18364"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=18364"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/18364\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=18364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=18364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=18364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}