Consider three items that the pizza store has in inventory: paper plates, cheese, canned soda. Choose the most appropriate classifications of these three using ABC analysis

	a.	Paper plates - C item; Cheese - A item; Canned Soda - B item
	b.	Paper plates - A item; Cheese - C item; Canned Soda - B item
	c.	Paper plates - C item; Cheese - B item; Canned Soda - A item
	d.	Paper plates - A item; Cheese - B item; Canned Soda -C item

Which of the following is NOT considered as an inventory cost?

a.

The actual purchase cost of goods bought from suppliers, that may include cost of shipping and handling

b.

The time cost of time spent in scheduled maintenance of production equipment

c.

The time cost associated with the time an employee spends in placing an order and tracking it

d.

The fixed cost of storage space for inventoried goods

The EOQ model helps determine the order quantity that

	a.	Maximizes net profit
	b.	Minimizes total cost of ordering, carrying and purchase
	c.	Minimizes time to market for new products
	d.	Maximizes utilization of all resources associated with inventory management