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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.;
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