Under the ABC System of Inventory Priorities a Class a Item

question 31

Multiple Choice

Under the ABC system of inventory priorities a Class A item is:

• A) The 20% of high-value items that account for around 20% of the total stock value
• B) The 20% of high-value items that account for around 80% of the total stock value
• C) The 80% of high-value items that account for around 20% of the total stock value
• D) The 80% of high-value items that account for around 80% of the total stock value

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Definitions:

Pure Hypothetical

A speculative assumption or scenario, often used in reasoning, that is not grounded in known facts or current reality.

Categorical Syllogism

A form of reasoning consisting of three propositions: a major premise, a minor premise, and a conclusion, each of which may be categorized by being either affirmative or negative.

Fallacy

A mistaken belief or an error in reasoning, often resulting in invalid or misleading arguments.

Affirming Consequent

A logical fallacy where a conclusion is incorrectly inferred solely based on the truth of its consequent, despite lacking sufficient evidence.