Question: 18- What is generally true about the class A items in ABC analysis? They represent A) About 20 percent of all items. B) About 30

18- What is generally true about the class A items in ABC analysis? They represent A) About 20 percent of all items. B) About 30 percent of all items. C) About 20 percent of the dollar usage. D) About 80 percent of the dollar usage. 19. The goal of ABC analysis is to A) Determine the profitability of items. B) Estimate average volume per dollar value. C) Estimate dollar value per pound. D) To identify the A items for better inventory control 20- Even though the economic order quantity (EOQ) is optimal only when five assumptions are satisfied, it serves as a reasonable first approximation even when these assumptions do not quite apply. Which one of the following is NOT an assumption of the EOQ? A) Decisions for one item can be made independently of decisions made for other items. B) There is no uncertainty in lead time. C) The amount of an order received is exactly equal to what was ordered, without any "short shipments" from a supplier or scrap losses in the shop. D) Quantity discounts can be taken advantage of for large lot sizes. 21. Which one of the following statements regarding the economic order quantity (EOQ)is TRUE? A) The EOQ model combines several different item orders to the same supplier. B) If an order quantity is larger than the EOQ, the annual holding cost for cycle inventory exceeds the Annual ordering cost C) The EOQ model assumes a variable demand pattern. D) When the interest rate drops, the inventory holding cost decreases and the EOQ decreases. 22- Which one of the following statements concerning the economic order quantity (EOC) modelis TRUE? A) An increase in holding cost will increase the EOQ value. B) A decrease in demand will increase the EOQ value. C) A decrease in holding cost will increase the EOQ value. D) None of the above are true 23. Which one of the following statements concerning the economic order quantity (EOQ) is TRUE? A) The EOQ is the order quantity that minimizes annual inventory holding costs. B) An increase in demand will increase the EOQ value. C) The time between orders D) The EOQ formula assumes that there are only three relevant costs: holding, transportation, and setup

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