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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q 1.Which of the following is a fixed-time-period inventory model? 2.Which of the following is not included as an inventory holding cost? 3.When developing inventory cost models, which of the following is not included as a costs to place an order? 4.Shortage costs are precise and easy to measure. 5.Which of the following industry types will not benefit greatly from the application of MRP?

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1.Periodic system model2.Annualized cost of materials3.Taxes4.False