The ABC Method of Inventory Management Is Founded on the Notion

question 99

Multiple Choice

The ABC method of inventory management is founded on the notion that:

• A)some inputs are more valuable or more critical to the business's operations than others.
• B)inventory costs should be cut to an absolute minimum by reducing inventory on hand.
• C)a business should know its economic order quantity at all times.
• D)the cost of placing an order is a fixed cost.

---

Definitions:

Chromosomal Pairs

The sets of two chromosomes in each cell of an organism, with one inherited from each parent, crucial for genetic traits and reproductive processes.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, carrying genetic information.

Nucleus

In biology, the membrane-bound organelle found in eukaryotic cells that contains most of the cell's genetic material.

Cell

The basic structural, functional, and biological unit of all known living organisms.