Question 5 Not yet While working a simple EOQ problem, you notice that, with a certain lot size, the annual ordering cost is exactly the same value as the annual inventory carrying cost. Which of the following is true? answered Points out of 3.00 P Flag question Select one: The annual ordering costs will increase if the order quantity is increased The lot size is the economic order quantity Total cost is at its maximum The annual carrying cost will decrease if the order quantity is increased Question 6 Not yet answered Which of the following is NOT an assumption on which the economic order quantity (EOQ) is based? Points out of 3.00 P Flag question Select one: replacement occurs all at once order preparation costs, inventory carrying costs and lead times are constant and known demand is relatively constant and known the item is produced continuously