1. In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen), and the firm operates during fifty five-day weeks a year, the cycle time will be approximately:

Select one:

a. 84 working days

b. cannot be determined with the data provided.

c. 7 working days

d. 7 calendar days

2. Quantity discounts reduce the unit price. Inventory costs are always reduced by opting for a quantity discount.

Select one:

True

False