Table 9.1 Inventory Records Show the Following

question 193

Multiple Choice

Table 9.1
Inventory records show the following:

-What is generally True about class A SKUs in ABC analysis? They represent about:

• A) 20 percent of all SKUs.
• B) 30 percent of all SKUs.
• C) 20 percent of the dollar usage.
• D) 50 percent of the dollar usage.

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Definitions:

Group Bonus

A monetary reward given to a team or group of employees for achieving certain performance thresholds or objectives.

Commission

A form of payment to an employee based on the amount of sales that the employee generates, typically a percentage of the sales total.

Profit-Sharing Plans

A compensation program in which employees receive a share of the company's profits in addition to their regular salary, usually based on the company's earnings over a specific period.

Organization's Performance

A measure of how effectively and efficiently an organization meets its goals and objectives.