ABC Analysis Is Based Upon the Principle That

question 114

Multiple Choice

ABC analysis is based upon the principle that:

• A) all items in inventory must be monitored very closely.
• B) there are usually a few critical items, and many items that are less critical.
• C) an item is critical if its usage is high.
• D) more time should be spent on class "C" items because there are many more of them.
• E) as with grade distributions in many MBA courses, there should be more medium-level "B" items than either "A" or "C" items.

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Definitions:

Locating

The process of finding something or someone, often referring to locating persons or assets in legal contexts.

Interview

A formal conversation between two parties where questions are asked to obtain information.

Preparation

The process of getting something ready for use or consideration, such as gathering documents or planning a strategy.

Location

A specific place or position.