Which One of the Following Statements Concerning the Economic Order

question 149

Multiple Choice

Which one of the following statements concerning the economic order quantity (EOQ) is TRUE?

• A)The EOQ is the order quantity that minimizes annual inventory holding costs.
• B)An increase in demand will increase the EOQ.
• C)The time between orders (TBO)will increase with an increase in holding costs.
• D)The EOQ formula assumes that there are only three relevant costs: holding,transportation,and setup.

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