All of the Following Statements About ABC Analysis Are True

question 138

Multiple Choice

All of the following statements about ABC analysis are true except

• A) inventory may be categorized by measures other than dollar volume
• B) it categorizes on-hand inventory into three groups based on annual dollar volume
• C) it is an application of the Pareto principle
• D) it states that all items require the same degree of control
• E) it states that there are the critical few and the trivial many inventory items

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Definitions:

Unrepresentative Sample

A sample that does not accurately reflect the broader population, leading to potential bias in research findings.

Psychological Research

The study of behavior and mind, encompassing all aspects of conscious and unconscious experience as well as thought, often through empirical methodologies.

Repressed Material

Refers to memories, thoughts, or desires that have been unconsciously blocked due to being considered unacceptable or threatening by the individual.

Techniques of Assessment

are methods used to evaluate psychological attributes, behaviors, or characteristics, often utilized in psychology and counseling.