Q7

QUESTION 7 Which of the following statements is false about inventory management? O A method that categorizes inventory based on their criticalness can be known as the ABC method. O The Economic Order Quantity method (EOQ) measures the optimal inventory sizes that should be ordered at once to have a more efficient and minimal inventory cost. O The Just-In-Time method (JIT) orders surplus inventory to avoid a stock-out problem. O All of the above are true