1. In an Economic Ordering Quantity (EOQ) model, if demand rate becomes higher, the optimal ordering frequency A) Becomes higher C) Remain the same D) could be higher or lower B) Becomes lower 2. Last Friday, you purchased a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, which will last three months for your family to use. To you, the big pack of toothpaste can be viewed as A) seasonal inventory B) cycle/batch inventory C) pipeline inventory D) safety inventory 3. Which of these products would be most apt to involve the use of the newsvendor model? A) Chairs B) Hammers C) Clocks D) Fish E) None of the above