Major retailers lose $\_\_\_\_\_\_\_\_$ of overal

l profits due to poor or inaccurate inventory records.

$10\%$ to $25\%$

$5\%$ to $10\%$

$1\%$ to $3\%$

$50\%$

$3\%$ to $5\%$

$0\mathrm{.}25$ Points

Which of the following statements about the basic EOQ model is TRUE?

If annual demand were to double, the number of orders per year would increase.

If annual demand were to double, the EOQ would increase.

If the ordering cost were to double, the EOQ would rise.

If the carrying cost were to increase, the EOQ would fall.

All of these statements are true.