A "C" Class Item in a System That Uses the ABC

question 16

Multiple Choice

A "C" class item in a system that uses the ABC method of inventory management is

• A) critical.
• B) noncritical.
• C) most valuable.
• D) least valuable.

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Definitions:

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from the online community, rather than from traditional employees or suppliers.

Low-cost

Referring to goods or services offered at a low price point, typically aiming to be affordable to a wide range of consumers.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.