Which of the following is true about the Economic Order Quantity (EOQ) in inventory management systems (choose ONLY ONE ANSWER): Group of answer choices It is the order batch size quantity with lowest holding cost It is order batch size quantity with lowest total inventory management system cost It is the order batch size quantity with lowest ordering costWhich modeling method is the most appropriate for this situation? (Each modeling method should be chosen only one time for the last 8 questions of this quiz.) You are calculating the minimum amount of time it takes to complete a pre-surgery comprehensive set of testing comprised of multiple sequenced activities, by summing the times each activity takes, assuming no waiting. Some of the activities can occur in parallel, resulting in multiple paths through the process. Group of answer choices Simulation Queueing Critical Path Method (CPM) Flow Rate Analysis Economic Order Quantity (EOQ) Forecasting Capacity Analysis Linear Programming