1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering cos

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1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs.

T. True F. False

2- The Economic Order Quantity (EOQ) model tells us……..

A. how much to order B. which are higher – holding or ordering costs C. how to use price discounts D. when to order

3- When tracking or counting inventory items, we should focus on which items most? A. A-items B. B-items C. C-items D. D-tems

4- The Economic Order Quantity (EOQ) model will have the lowest combination of holding and ordering costs

T. True F. False

5- Reorder point (ROP) tells us…..

A. how much to order B. when to order C. how to use price discounts D. which vendor location is best

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