39.The EOQ model is used

		to determine the order quantity for an item whose demand occurs in only a single point in time.
		to check the inventory level for an item at regular intervals
		to determine the order quantity that minimizes annual holding and ordering costs for an item.
		to determine the reorder point at which an order is triggered to replenish the inventory stock.
		to constantly monitor the inventory level for an item.

41

"You recently updated your Apple computer and all your data disappeared. You file suit in a Maryland court but Apple replies, asking that the case be dismissed and that you be required to submit to arbitration in California, as called for in the terms and conditions in the contract you were required to accept before updating your computer. Will Apple succeed? After all, like everyone else, you just clicked because you wanted to get back to work, not because you read and understood the agreement. Is the click-through agreement likely to be upheld and why/why not?"

		"Yes, because the courts are owned by big business."
		"No, we have to demonstrate there was a meeting of the minds and the only way to do that is to insist that the parties or their representatives meet in-person."
		"Yes, as a practical necessity courts have recognized the validity of such agreements since many businesses could not work otherwise."
		"No, because the courts never hold people responsible for things they had a chance to read but chose to ignore."