The least total cost method (LTC) lot-sizing technique calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal.

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The least total cost method (LTC) lot-sizing technique does compare the carrying cost and setup costs for different lot sizes and selects the one with the most nearly equal costs. Therefore, the statement is true.

The Least Total Cost Method (LTC) Lot-Sizing Technique Calculates the Order