Question 7 (1 point) In relation to the approaches used to manage a firm's stock, which one of the following statements is FALSE? A) The just-in-time stock management approach is suitable for firms that produce low volumes of non-identical products (B) The just-in-time stock management approach reduces a firm's need to monitor its own stock levels C) The basic version of the economic order quantity model assumes a firm's need for stock over a specified period of time is predictable (D) The basic version of the economic quantity model assumes total ordering cost is inversely proportional to the firm's average level of stock Question 8 (1 point)