Question: 1. Ordering costs ______________ as the order size increases. a. Declines b. Increases c. Constant d. No effect 2. Holding costs are __________ regardless of

1. Ordering costs ______________ as the order size increases.

a. Declines

b. Increases

c. Constant

d. No effect

2. Holding costs are __________ regardless of the number of units ordered.

a. Declines

b. Increases

c. Constant

d. No effect

3. Savings are realized through reduced ordering cost and lower cost of buying is a result of?

a. Quantity Discount

b. Vendor Discount

c. Inventory Discount

d. Sales Quantity

4. Which of the following is NOT a goal of a plant, office or retail layout?

a. Higher utilization of space, equipment, and people

b. Improved flow of information, materials, or people

c. Improved use of utility resources.

d. Improved employee morale and safe working conditions e. Improved customer/client interaction

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