1) The _____ is the time period that elapses from the point when the firm uses the raw materials in manufacturing a finished good to the point when the finished good is sold.

a. cash conversion cycle;

b. average collection period

c. cash turnover;

d. average age of inventory;

2) In the EOQ model, if carrying costs increase while all other costs remain unchanged, the number of orders placed would be expected to

a. increase.;

b. change without regard to carrying costs.

c. decrease.;

d. remain unchanged.;