Using the ABC Classification System for Inventory, Which of the Following

question 86

Multiple Choice

Using the ABC classification system for inventory, which of the following is a true statement?

• A) The C items are of moderate dollar volume.
• B) You should allocate about 50 percent of the dollar volume to B items.
• C) The A items are of low dollar volume.
• D) The A items are of high dollar volume.
• E) Inexpensive and low usage items are classified as C no matter how critical.

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Definitions:

Increased

Describes a quantity or factor that has become larger or greater in size, number, or intensity.

Left-Brain

Refers to the left hemisphere of the brain, traditionally associated with analytical thinking, logic, language, and mathematical abilities.

Right-Brain

Refers to the hemisphere of the brain associated with creative thinking, intuition, and artistic abilities.

Thinking

The process of using one's mind to consider or reason about something.