Which of the Following Statements Is True with Regard to EPQ

Multiple Choice

Which of the following statements is true with regard to EPQ and EOQ?

A) The economic production quantity (EPQ) model was developed in the 1960s.
B) In the EOQ model,the assumption is that the company will produce the items.
C) The EPQ model assumes that the company will order the items from an outside vendor.
D) The EPQ model is an extension of the EOQ model.