Please answer the following questions.

1		A pricebreak is an order quantity at which the purchaser is offered a lower price per unit by purchasing that quantity or more.
			A)	True
			B)	False
2		If the supplier does not offer quantity discounts, the unit cost will not directly affect the decision of how many units to order, but may do so indirectly if the holding cost is measured as a percentage of the acquisition cost.
			A)	True
			B)	False
3		In the ROP, if demand and lead time are both constant, the safety stock would be zero.
			A)	True
			B)	False
4		The two-bin system is a form of a reorder-point model
			A)	True
			B)	False
5		The basic EOQ model assumes that each order is delivered at a single point in time.
			A)	True
			B)	False
6		With the quantity-discount model, an order level might not be at the minimum point of the total cost curve.
			A)	True
			B)	False
7		In a reorder-point model, the order amount is the EOQ.
			A)	True
			B)	False
8		The ROP is equal to expected demand during lead time plus safety stock.
			A)	True
			B)	False
9		In the single-period model, the service level is equal to the ratio of "excess cost" divided by " excess cost plus shortage cost."
			A)	True
			B)	False
10		In the single-period model, the greater the shortage cost relative to the excess cost, the higher the service level.
			A)	True
			B)	False
11		A tire dealer would use a single period model to replenish the inventory.
			A)	True
			B)	False