Multiple Choice Questions on Economic order quantity EOQ is that quantity at which cost of holding and carrying inventory is ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Economic order quantity EOQ is that quantity at which cost of holding and carrying inventory is ........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    Economic order quantity (EOQ) is that quantity at which cost of holding and carrying inventory is:

    Maximum and equal

    Incorrect Answer

    Minimum and equal

    Correct Answer

    It can be maximum or minimum depending upon case to case. 

    Incorrect Answer

    Minimum and unequal

    Incorrect Answer
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    Explanation:

    Economic Order Quantity (EOQ) is the quantity to be ordered at one time to minimize the overall variable cost i.e. total ordering cost and carrying cost. At this quantity, the carrying cost = ordering cost.

    By: Vikas Goyal
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