Holding cost (dollars per inventory unit per unit time) includes *

Insurance.

Storage and handling of material

All of the answers.

Capital invested in inventory

Placing a new order whenever the inventory level drops to a specific re-order point is known as *

quarterly order

periodic order

semi-order

Continuous order

None of the answers.

Setup cost includes *

Costs of staff posted for ordering of goods.

Expenses incurred on transportation of purchased orders

Inspection cost of material

Cost of stationary, typing, postage, telephone charges etc

All of the answers.

Goal Programming attempts to reach a satisfactory level of multiple objectives. *

True

False