The four broad categories of inventory are raw materials, work-in-process, subassemblies, and finished goods. True False What inventory factor may be omitted from the basic EOQ derivation because it is a constant? Annual order-processing cost Annual purchase cost of goods Annual capital cost Annual setup costs O All of these If you were calculating a forecast using an exponential smoothing model, a calculation using a = 0.2 would be putting a greater emphasis on recent data, while a calculation using a = 0.8 would be putting a greater emphasis on past data. Thus a lower a is more responsive to changes in demand in the most recent periods. True False