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  • Cost Accounting Test
  • The quantity of material to be ordered at one time is kno...
Multiple choice

The quantity of material to be ordered at one time is known as

  1. EOQ

  2. BOQ

  3. EBQ

  4. Re-order period

  5. All of the above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

EOQ stands for Economic Order Quantity. It is the ideal quantity of inventory to order to minimize the total costs of ordering and holding stock.

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