Multiple Choice
Which of the following statements is correct?
A) you must know the ordering cost to use the EOQ concept
B) quantity discounts will not change the total inventory costs of the item
C) inventory levels can be lowered by raising the order quantity
D) if stock is not received all at once into inventory then EOQ formula can be modified and used
E) none of the above is correct
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Which of the following techniques balances the
Q3: Quantity discounts:<br>A) Make buyers order more than
Q4: The period order quantity is equal to:<br>A)
Q5: Using the POQ method of ordering,
Q6: For a particular item the usage is
Q8: In the simple EOQ model annual inventory
Q9: If the order quantity is increased the
Q10: For a certain group of items the
Q11: The EOQ for an item is 5500
Q12: The letter 'K' used in lot sizing