Question: Choose the correct answer 1. At reorder point, we need to place an order of the quantity. A. None B. more than the EOQ C.

Choose the correct answer 1. At reorder point, we

Choose the correct answer 1. At reorder point, we need to place an order of the quantity. A. None B. more than the EOQ C. less than the EOQ D. equal to the EOQ 2. In an A-B-C system. A items typicallyrepresent about what percent of the items? A. 25% B. 30% C. 15% D. 60% 3. Assumption of the basic EOQ modelis A. Lead time is uncertain B. Ordering Quantity is variable C. Total demand is constant D. Holding cost is calculated for the maximum inventory 4. Find the amount (Tk) of average inventory carried for a family. The family requires 5 liter can of soybean oilfor the whole month. They purchase the required quantity at the first day of the month. The price of 5 liter can is 370 taka. A. 370 taka B. 185 taka C. Cost of average inventory=0 D. 925 taka 5. Which of the following costs are not a holding cost A. Room rent B. Raw material purchase cost C. Insurance cost D. Security cost

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