When Using an ABC Inventory, a Items Are Those 75

question 75

True/False

When using an ABC inventory, A items are those 75 percent of the items that make up 5 to 10 percent of the total cost.

---

Definitions:

Confusion

The act of mingling or blending goods or property in such a way that they can no longer be distinguished; in legal terms, it can affect rights of ownership.

Negotiable Document of Title

A document guaranteeing the possession and control of goods, which can be transferred to another party to facilitate commerce.

Legal Title

The formal right of ownership of property, which may or may not include the right to use or occupy the property.

Friendly Fire

Incidents in which persons are inadvertently harmed or killed by forces from their own side during an armed conflict or military operation.