Post Utme Skyline University 2024 Commerce Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2024 Commerce Objective / Multiple Choice
Question 37 POST_UTME_SKYLINE_UNIVERSITY • 2024 • COMMERCE • objective

A company has a warehouse with a capacity of 10,000 units. The average daily demand is 200 units, and the lead time is 5 days. What is the Economic Order Quantity (EOQ) if the ordering cost is ₦50 and the holding cost is ₦2 per unit per day?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,500
C. ₦2,000
D. ₦2,500
Correct Answer
B
Correct Option:
₦1,500

About This Question

This is Post Utme Skyline University 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Skyline University Commerce examination.

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