estion Completion Status: QUESTION 1 Which of the following statements are correct? Select only those statements you know to be correct because negative marking is applied within this questi (although it is not possible to get a negative mark for the question overall). a. Cost machines and cost related to machining are considered to be part of inventory b.Ordering costs decrease with respect to lot size c. It is good to have fixed interval ordering systems for products that have independent demand Od. Companies using ABC approach need not use EOQ O e. Taxes and insurance costs can be considered as carrying costs of inventory f. Costs incurred for defective products identified after the products are shipped are classified as internal failure costs g. Costs spent to prevent low quality goods in production are classified as cost of reengineering Oh.costs of repairing faulty products under warranty are limited to external failure costs 1. Returned goods cannot be classified under internal failure costs j Under EOQ inventory model there is an assumption which states that there is no possibility of inventory stockout to occur