When both the demand and unit holding cost double, their total inventory holding cost will: decrease by a factor of 1.41 not change incase by a factor of 2.00 increase by a factor of 1.41. Which one of the following statements concerning the economic order quantity (EOQ) is TRUE? The EOQ is the order quantity that minimizes annual inventory holding costs. An increase in demand will increase the EOQ. The time between orders (TBO) will increase with an increase in holding costs. The EOQ is the order quantity that minimizes annual ordering costs. If the ordering cost (S) decreases, which one of the following is true? EOQ will increase time between orders will increase EOQ will decrease the total number of orders will decrease If the ordering cost (S) increases, which one of the following is true? EOQ will increase time between orders will decrease EOQ will decrease the total number of orders will increase If the unit holding cost (H) decreases, which one of the following is true? time between orders will decrease time between orders will increase EOQ will decrease the total number of orders will increase When ordering quantity is lower than EOQ, which one of the following is true? The total number of orders placed will increase The time between orders will increase The total cost incurred will be lower than the total cost associated with EOQ. The total inventory cost will be higher than the total ordering cost. With an economic ordering quantity, the total annual inventory cost is equal to $1000. What is the total annual ordering cost? $1000 1000/2 - $500 1000'2 - $2000 Are you kidding me? This can't be determined