Take Test: Exam 1-Fall 2022 - S X *Dashboard C blackboard.syracuse.edu/webapps/assessment/take/take.jsp?course_assessment_id=_195555_1&course_id=_475629_1&content_id=_8410342_1&question_num... h G * OO : G Google YouTube Image result for S... Set-Up | Proctorio 8yuh Quizzes Exams Remaining Time: 1 hour, 19 minutes, 30 seconds. Question Completion Status: My Groups 1 2 3 4 5 6 Student Group 2 .> A Moving to another question will save this response. > Question 2 40 points Save Answer 1. In EOQ and EPQ model, what is our objective? A. Minimize the total inventory holding cost B. Choose the lower production cost C. Choose the lower price D. Minimize the total annual cost 2. EPQ Model is used for Manufacturing (in-house), EOQ Model is used for Purchasing (outsourcing) v A. True B. False 3. In EPQ Model, the key trade-off is A. Inventory Holding Cost vs. Ordering Cost B. Ordering Cost vs. Purchasing Cost C. Inventory Holding Cost vs. Setup Cost 4. Reorder Point is the sum of Expected Demand during Review Period and Lead-Time, and the Safety Stock. A. True B. False 5. If a business frequently runs out of inventory, their service levels are close to zero. A. True B. False