If an amount greater than the EOQ is ordered, which of the following is true? Select one: a. Annual ordering cost is equal to annual holding cost. b. Annual holding cost exceeds annual ordering cost. c. Annual ordering cost exceeds annual holding cost. d. The sum of annual ordering cost plus annual holding cost is maximized. Which of the following statements is/are true? I. Takt time is based on actual customer demand rather than forecasted demand. II. Nominal capacity takes into consideration the efficiency of the workers. Select one: a. Neither I nor II. b. I only. O c. Both I and II. O d. ll only. Efficiency is a measure of a worker's actual performance relative to a set standard. Select one: a. False b. True The following information was collected on work Center 40: 400 hours scheduled; 30 hours lost due to absenteeism; 20 hours lost while waiting for tooling; 40 hours lost due to power failure; and 300 standard hours of production achieved. Calculate the work center utilization. Select one: a. 77.5% b. 75% O c. None of the above. O d. 87.5%