Strategies for Managing "A" Items in ABC Analysis Are

question 18

Multiple Choice

Strategies for managing "A" items in ABC analysis are:

• A)minimizing inventories.
• B)using procurement cards.
• C)review inventory levels frequently.
• D)minimizing inventories and review inventory levels frequently.
• E)using procurement cards and review inventory levels frequently.

---

Definitions:

Bills

Documents indicating a transaction or an obligation to pay for goods or services received.

QBO

Refers to QuickBooks Online, an accounting software based in the cloud, aimed at assisting small to medium businesses.

Expenses

The costs incurred by a business or individual in the process of earning revenue.

Deposit in Transit

A sum of money transferred or sent to a bank account but not yet recorded in the account's available balance, often due to processing times.