Which of the Following Statements Is Best Regarding Part Numbering

question 15

Multiple Choice

Which of the following statements is best regarding part numbering systems?

• A) significant part numbering systems are difficult to maintain
• B) it is easier to remember numbers than letters
• C) a random number is an identifier not a descriptor
• D) all of the above are true

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Definitions:

Planning Budget

A budget prepared for a specific level of activity, often used for planning and coordinating actions.

Activity Variances

Differences between planned or budgeted amounts of costs or revenues and actual amounts incurred, attributable to specific activities.

Customers Served

The number or segment of clients or consumers to whom a business has provided goods or services.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses for a certain period.