All EXCEPT Which of the Following Statements About ABC Analysis

question 71

Multiple Choice

All EXCEPT which of the following statements about ABC analysis are TRUE?

• A) In ABC analysis, inventory may be categorized by measures other than dollar volume.
• B) ABC analysis categorizes on-hand inventory into three groups based on annual dollar volume.
• C) ABC analysis is an application of the Pareto principle.
• D) ABC analysis suggests that all items require the same high degree of control.
• E) ABC analysis suggests that there are the critical few and the trivial many inventory items.

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Definitions:

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior over internal processes.

Carl Rogers

A prominent psychologist known for his contributions to humanistic psychology and the development of client-centered therapy.

Introspection

Reviewing and reflecting on one's own mental and emotional experiences.

Edward Titchener

A British psychologist who founded structuralism, a school of thought aimed at analyzing the adult mind in terms of the simplest definable components.