Question: 1 3 ) The following statement regarding the Economic Order Quantity ( EOQ ) is true: A ) The EOQ represents the order quantity that

13) The following statement regarding the Economic Order Quantity (EOQ) is true:
A) The EOQ represents the order quantity that minimizes inventory holding cost
B) The EOQ represents the average inventory for the year
C) The EOQ is greater than the Reordering point
D) The expected number of orders increases with increases in the EOQ
E) None of the above

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