Question: 1-Assumptions of the basic EOQ model include constant demand, no shortages, constant lead time, and instantaneous replenishment. True False 2-In a continuous inventory system, a

1-Assumptions of the basic EOQ model include constant demand, no shortages, constant lead time, and instantaneous replenishment.

True

False

2-In a continuous inventory system, a constant amount is ordered when inventory declines to a predetermined level.

True

False

3- In a periodic inventory system, a constant amount is ordered when inventory declines to a predetermined level.

True

False

4- Inventory costs include carrying, ordering, and shortage costs.

True

False

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