K Steel produces steel rolls that have defects but pass through the system and were sent to the customers. What kind of cost of quality does the company have to bear to recall and replace the products? Prevention costs Appraisal costs Workmanship costs External failure costs Customer return cost Which of the following statements is right about Inventory? An inventory system is a sel policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be. Inventory is defined as the stock of any item or resource used in an organization One of the basic purposes of inventory analysis in manufacturing and stockkeeping services is to specify when items should be ordered In inventory models, high holding costs tend to favor low inventory levels All of the above Which of the following is the set of all cost components that make up the fixed-order quantity total annual cost (TC) function? Annual lead time cost, annual holding cost, annual purchasing cost Annual holding cost, annual ordering cost, unit cost Annual purchasing cost, annual ordering cost, fixed cost Annual unit cost, annual set up cost, annual purchasing cost Annual holding cost, annual ordering cost, annual purchasing cost