1. ________ inventory is the inventory from the items that are waiting to be processed in the next level.

Select one:

a. Finished Goods Inventory

b. Maintenance/Repair/Operating

c. Raw Material

d. Work in process

2. In the basic economic order quantity model, if the holding cost per unit increases then the EOQ will increase with the same percentage.

Select one:

a. true

b. false

3. Higher inventory levels will increase customer service level.

Select one:

a. true

b. false