Question 16 (1 point) What's the economic order quantity (EOQ)? A) It's the order quantity that gives the company the lowest ordering cost OB) It's the order quantity that gives the company the lowest total annual cost OC) It's the order quantity that gives the company the lowest carrying cost OD) It's the order quantity that gives the company the lowest price from the supplier Question 17 (1 point) In inventory management, the "Fixed Quantity" inventory model has the following characteristic: A) The company reorders every time the inventory hits a reorder point B) The company reorders every time the inventory depletes the safety stock c) The orders are placed at the same time intervals OD) The quantity ordered varies every time a new order is placed