5. Which statement is Not True regarding special inventory models? (2 Points) When facing quantity discounts, the EOQ found with the lowest price level is not necessary the lowest total cost plan. The one-period inventory model is commonly known as the newsboy problem. The economic production lot size represents the maximum quantity of on- hand inventory for a manufacturer. For analysis using the economic production lot size (ELS) model to be useful, the producer must be able to produce the item faster than it is consumed