Which of the Following Statements Concerning ABC Analysis Is False

question 116

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 items in inventory.

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Definitions:

Mississippian Cultures

Ancient North American civilizations known for constructing large earthen mounds and having complex societal structures, flourishing from around 800 CE to 1600 CE.

Burial and Temple Mounds

Earthen structures built by various Indigenous cultures of North America for ceremonial, burial, and religious purposes.

Chronology

In art history, the dating of art objects and buildings.

Mesoamerica

The region that comprises Mexico, Guatemala, Belize, Honduras, and the Pacific coast of El Salvador.