1) Given Annual Demand = 1,000, Ordering Cost = $5/order, Holding Cost = $1.25 per unit per year. What is the Average Daily Demand and Economic Order Quantity?

	a.	13.7, 12,611
	b.	2.7, 89.4
	c.	12,611, 13.7
	d.	89.4, 2.7

2)

Break-Even Analysis is used to determine the point in units produced where which of the following is true?

	a.	Total costs <= total revenue
	b.	Total costs < total revenue
	c.	Total costs >= total revenue
	d.	Total costs = total revenue
	e.	Total costs <> total revenue

3)

Which of the following are the major causes of delays (waiting lines)?

	a.	Customers arrive faster than they can be served
	b.	Customers normally do not arrive at a constant rate
	c.	Customers are not served in an equal amount of time
	d.	All these answers are correct