1. What is another common name for the Pareto classification of stock items? a. Materials requirements planning (MRP) (b) ABC classification of stock items ( ABC analysis) c. Just-in-time (JIT) management d. Economic order quantity (EOQ) analysis 2. Which of the following decisions best describes an organization's stock control problem? a. Whether to maintain stock of an item with low sales volume b. Whether to buy back common stock to increase the organization's equity ratio C. How much to order in each time period to meet product demand d. How to determine a safety stock level 3. Relative to holding costs (Ch), which of the following is an effective and efficient stock control decision? a. Ordering in small amounts to keep holding costs at a bare minimum b. Ordering in large amounts so that the annual cost of holding stock lowers the ordering cost c. Negotiating warehouse space on an ongoing basis to accommodate stock fluctuations (d) Monitoring stock so that a new order arrives on the day the last item is sold 4. Which of the following stock control costs is incurred when stock is unavailable? (a.) Stockout b. Holding c. Order d. Purchase