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:

Cronbach's Alpha

A measure of internal consistency or reliability of a psychometric instrument, indicating how well the items in a test measure the same underlying concept.

Internal Consistency

A measure of the correlation between multiple items in a test that assess the same construct.

Pre-Tests

Assessments given before a treatment or intervention to establish baseline levels against which changes can be measured.

Post-Tests

Assessments conducted after an intervention, program, or period of instruction to measure its efficacy or the learning outcomes.