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Which of the following is not an application of the Single-Period/vewsperson inveatory model Newypaper Kiotk Banquet luncheons Cakes, eges, and other perikhables Fasteners in manufacturang Question 2 (1 point) The EOQ model is ideal for independent demand and MIRP is ideal for dependent demasd inveatory coatrot. True False Question 3 (1 point) Which of the following is not considered while calculating the holding cost of an item? Cost of the item Obsolescence Perishability Which of the following is not considered while calculating the holding cost of an itema? Cost of the atem Obsolescence Perishability setup costs At the optimal economic order quantity, the holding costs are lower than ordering costs. True False Question 8 (1 point) Cycle counting is a process in which staff use theur free time to verify inventory records provides a mearute of inventory accuracy provides a measure of inventory turnover assumes that all inventory records must be verified with the same frequency Question 9 (1 point) What is true in explaining ABC analysis? This process divides items into three classes according to their inventory level OR price level Clais A items are just the expensive items What is truc in explaining ABC analysis? This process divides items into three classes according to their inventory level OR price level Class A items are just the expensive items Class B and C items account for most of the inventory items but little annual dollar volume Class C accounts for the largent dollar volume of any clast Question 10 (1 point) Which of the following is true in an EOQ inventory system (recall the EOQ formula or the graph)? A decrease in demand (D) increases the EOQ A decrease in ordering cost/order (S) increates the demand A decrease in holding cost/item (H) increases the EOQ. A decrease in orderng cost order (S) increases the EO