As inventory values decrease, the inventory holding cost increases upward. True False QUESTION 2 Imagine you are an inventory buyer for Burger King (restaurant) and your job is to order food components for the entire supply chain network in Manhattan. Your boss asked you to find the optimal ordering strategy for large bags of beef. 1. Determine the optimal number of beef filled bags to to order with the below assumptions: D = 10,000 bags S - $25 per order H = $1.50 per unit per year Questions 3-6: For simplicity, rounding is not required here. If you prefer to round, please round up or down to the nearest whole # QUESTION 3 Based on question 3, determine the # of orders per year: QUESTION 4 Bused on question 3, determine the optimal time between orders. QUESTION 5 Based on question 3, determine the total annual cost. QUESTION 6 The smoothing inventory/production method, allows firms to spread their manufacturing and operations throughout the year to maintain efficiencies and consistency across the supply chain. True False QUESTION 7 Ben & Jerry's, an ice cream manufacturer, is evaluating their strategies for days of supply. Typically, organizations with perishable goods tend to maintain a higher level of days of supply. True False QUESTION 8 If a Wendy's fast food location has 11,500 salads in stock and they sell 1,000 salads per day, how many days-of-inventory do they have? 10 QUESTION 9 from the system. The main goal of lean management/manufacturing is to extract profit increase output eliminate waste reduce tax liability