11. In the periodic inventory system, the time between orders is a variable and the order size is (a) True (b) False 12. Component parts or materials used in the production process to produce a final product are referred to as dependent demand items (a) True (b) False 13. The level of inventory should not be too low or too high. Inventory management is the process by which we determine the correct level of that inventory (a) True (b) False 14. The shortest operations time (SOT) rule for scheduling will always produce the lowest or one of the lowest average
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