7) In the basic EOQ model, if D = 6000 per year, S = $150, and holding cost = $15 per unit per month, Unit cost $5, what is the economic order quantity? A) 24 B) 100 C) 141 D) 282 E) 346- 8) Demand for a product is approximately normal, averaging 20 units per day with a standard deviation of 3 unit per day. Lead time for this product is approximately normal, averaging 25 days with a standard deviation of 1day. What reorder point provides a service level of 95 percent? (Z=1.64) A) 500 B) 525 C) 541 D) 599 :) 6014 9) A manufacturer took the following actions to reduce inventory. Which of these is generally not accepted as a JIT action? A) It used a pull system to move inventory. B) It produced in ever smaller lots. C) It required deliveries directly to the point of use. D) It worked to reduce the company's in-transit inventory." E) It picked the supplier that offered the lowest price based on quantity discounts. 10) In the disaster risk model, as the probability of a super-event (S) increases, the advantage of utilizing multiple suppliers decreases. True or False- 11) Flow time represents the time: A) an order spends waiting for processing at a work center." B) an order spends being processed at a work center. C) an order spends moving from one work center to another." D) to complete an order, including time spent in processing and in waiting. E) none of the these 12) What is the primary reason why retailers tend to locate high-draw items around the periphery of the store? A) More shelf space for those popular items is available around the periphery. B) There will be less congestion of customers than there would be in the middle.- C) This arrangement will help to maximize customer exposure to other items in the store.- D) It is easier to put large advertisement signs on the outside walls right next to the items. E) This arrangement allows customers to travel through the store as quickly as possible