Which of the Following Are the Recommended Percentage Groupings of the ABC

question 17

Multiple Choice

Which of the following are the recommended percentage groupings of the ABC classifications of the dollar volume of products?

• A)A items get 15%,B items get 35% and C items get 50%
• B)A items get 15%,B items get 45% and C items get 40%
• C)A items get 25%,B items get 35% and C items get 40%
• D)A items get 25%,B items get 15% and C items get 60%
• E)A items get 20%,B items get 30% and C items get 50%

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Definitions:

Discretionary Policies

Economic strategies and decisions made by a government that can be altered or adjusted in response to changing economic conditions.

Milton Friedman

A prominent American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism in economic policy.

Monetarist

An economic theory that emphasizes the role of governments in controlling the amount of money in circulation as the primary method for ensuring economic stability and growth.

Money Supply

The total amount of money available in an economy, including cash, coins, and balances held in checking and savings accounts.