Question: 1. A paint store that places orders for different colors of paint from the same supplier for delivery at the same time should use a:

1. A paint store that places orders for different

1. A paint store that places orders for different colors of paint from the same supplier for delivery at the same time should use a: A. Fix-time period inventory model B. Fix-order quantity inventory model 2. ABC inventory analysis requires that inventory be classified according to: A. Alphabetical order by item name B. Annual dollar usage C. Due date D. Annual demand 3. Which of the following is NOT an assumption of the basic EOQ model? A. Annual demand is constant B. Lead time is constant C. Back orders are allowed D. Quantity discounts are unavailable E. Ordering or setup costs are constant 4. For a product A, monthly demand is 2000 units, the ordering cost is $160 per order and the holding cost is $2.50 per unit per year, which of the following is the order quantity that minimizes annual ordering and holding costs? A. 576 B. 1753 C. 506 D. 1239 E. 2000 5. Following question 4, what is the annual holding cost for product A? 6. Following question 5, what is the annual ordering cost for product A

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