MENU
Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?
Suggested Answer: A, B, C, D
Get Premium CIMAPRA19-E01-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
36 comments · newest first
VE
Veronika
11 months ago
Totally agree with you, Aileen!
AL
Alverta
11 months ago
Wait, is "total inventory cost" really not in the EOQ? Sounds off.
GE
German
11 months ago
I thought reorder quantity was important too, but it's not in EOQ.
AI
Aileen
12 months ago
Definitely not D, that's not part of the equation!
CH
Chu
12 months ago
The EOQ formula includes total purchases and ordering costs.
GE
Gennie
12 months ago
I believe total purchases per year is part of the equation, but I can't recall if total inventory cost is included or not.
CH
Cherelle
1 year ago
I’m a bit confused; I thought the reorder quantity was part of the EOQ, but now I’m questioning if it’s actually an element.
AN
Annelle
1 year ago
I remember practicing a question that asked about the components of EOQ, and I feel like the total inventory cost is definitely included.
JA
Jamal
1 year ago
I think the EOQ formula includes total purchases and ordering costs, but I'm not sure about the reorder quantity being part of it.
LE
Leslie
1 year ago
This is a tricky one. I'll need to review my notes on the EOQ formula to be sure I'm selecting the right answer. I don't want to guess and risk getting it wrong.
KR
Kristian
1 year ago
Okay, let me think this through. The EOQ equation is used to determine the optimal order quantity to minimize total costs, so it must include things like total purchases, ordering costs, and inventory costs. I'll go with option A as my final answer.
GL
Glory
1 year ago
Hmm, I'm a bit confused on this one. I know the EOQ equation has to do with inventory management, but I can't recall all the specific elements off the top of my head.
MA
Mammie
1 year ago
I'm pretty sure the reorder quantity is an element of the EOQ equation, so I'll eliminate option D.
NA
Nathalie
1 year ago
Haha, this question is like a game of 'one of these things is not like the other'. The reorder quantity is the star of the show here, so D has to be the right answer.
CA
Cammy
1 year ago
Definitely, D is the odd one out in this equation.
MA
Malcom
1 year ago
Yeah, it's all about finding that sweet spot for ordering and inventory costs.
SH
Shawnna
1 year ago
I agree, the reorder quantity is not part of the EOQ equation.
HI
Hildegarde
1 year ago
Hmm, this one's tricky. I'm leaning towards D, since the reorder quantity is what the whole equation is trying to determine. But I'll double-check my notes just to be sure.
IO
Iola
1 year ago
Let me know if you find anything different in your notes, but I'm pretty confident it's D.
AN
Anisha
1 year ago
I agree, the reorder quantity is actually a key component of the EOQ equation.
LI
Linwood
1 year ago
I think you're right, D seems like the odd one out here.
GR
Graciela
2 years ago
I'm going to have to disagree with D. The reorder quantity is definitely a key component of the EOQ equation. This question is trying to trip us up, but I'm not falling for it.
WY
Wynell
1 year ago
A) Total purchases per year
IR
Irma
1 year ago
I agree, the reorder quantity is definitely important in the EOQ equation.
JU
Justine
1 year ago
C) Total inventory cost per year
AL
Alfreda
1 year ago
I think D is not part of the EOQ equation.
RO
Rolande
1 year ago
D) The reorder quantity
AN
Annelle
1 year ago
C) Total inventory cost per year
CO
Cordell
1 year ago
B) Total ordering cost per order
MI
Michal
1 year ago
Yeah, I think the question is trying to trick us. The reorder quantity is important for calculating the economic order quantity.
DO
Douglass
1 year ago
A) Total purchases per year
CH
Cherry
1 year ago
I agree, the reorder quantity is definitely part of the EOQ equation.
LA
Laurene
2 years ago
The total reorder quantity? That's like asking which part of a cake recipe isn't the cake itself. Clearly, the D option is the odd one out here.
BE
Bettina
2 years ago
But the EOQ equation focuses on minimizing total costs, so it makes sense that the reorder quantity is included.
GI
Giuseppe
2 years ago
I disagree, I believe it's A) Total purchases per year.
BE
Bettina
2 years ago
I think the answer is D) The reorder quantity.