4- Identify the correct statement from the following:

Employees are paid for idle time under time wage system

Employees are paid for idle time under Gantts task bonus plan

Employees are paid for idle time under piece wage system

None of these

6-

The purchase price of a product is OMR 7. The normal demand is 2,500 units per month. Company has to spend OMR 140 per order. The storage expense is estimated @ 10 % purchase cost. The economic order quantity for the business will be:

3,378 units

3,465 units

2,877 units

3,007 units