Which of the Following Statements Concerning ABC Analysis Is False

question 109

Multiple Choice

Which of the following statements concerning ABC analysis is false?

• A) Class B items typically account for 20 percent of the company's business in dollars
• B) There are typically less class A items in stock than class B.
• C) Class C items typically account for 70 percent of the company's inventory items.
• D) Class C items tend to have more complex inventory policies than Class B items
• E) Class B items typically account for 20 percent of the company's business in dollars.

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Definitions:

Software Package

A collection of computer programs, procedures, and possibly associated documentation and data provided for use.

Encoding Specificity Principle

The theory suggesting that memory retrieval is most effective when information available at the time of retrieval matches information present at the time of encoding.

Retrieval Cues

Stimuli or signals that can trigger the recall of information stored in memory, facilitating the process of retrieving memories.

Memory Code

The form in which information is stored, represented, or retained in the memory.