In the Context of ABC Inventory Analysis, Which of the Following

question 10

Multiple Choice

In the context of ABC inventory analysis, which of the following statements is true of class A items

• A) They require close control by operations managers.
• B) They comprise less than 30 percent of the total dollar usage.
• C) They can be managed using automated computer systems.
• D) They account for more than 50 percent of inventory items.

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Definitions:

Cognitive Map

Spatial knowledge of the physical environment gained through experience.

Reward

An event that increases the occurrence of the instrumental behavior that precedes the event.

Alternate Route

An alternative path or method to achieve an objective, often considered when the primary route is obstructed or less desirable.

Traffic Jam

A condition on roadways where vehicles are stopped or moving very slowly due to vehicle overflow or other factors like construction or accidents.