Authority that is not found in the express or explicit words of the principal, but that is inferred from the words is known as:

Which of the following are the three basic ways of lending unsecured, short-term funds by commercial banks?

A) mortgage-backed securities, T-bonds, and commercial paper B) single-payment note, lines of credit, and revolving credit agreements C) T-bills, municipal bonds, and commercial paper D) commercial paper, real estate bonds, and corporate bonds

Total ordering cost and total carrying cost are never equal at the EOQ

Indicate whether the statement is true or false