Q1. EOQ is an inventory —– method. a. 1970sb. Lead time refers to the amount of time taken between the placing of an order and the receipt of products by a customer.c. Controld. None of these Answerc. Control Q2. MRP was developed in —– a. 1960sb. 1970sc. 1999sd. None of these Answerb. 1970s Q3. What…