Explain the Unique Feature of the ABC Analysis Type of Record

question 16

Short Answer

Explain the unique feature of the ABC analysis type of record.

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Definitions:

Organizing

Process of blending human and material resources through a formal structure of tasks and authority; arranging work, dividing tasks among employees, and coordinating them to ensure implementation of plans and accomplishment of objectives.

Anticipate Future

The act of predicting or expecting upcoming events or trends, allowing individuals or organizations to prepare or adjust accordingly.

Costly Mistakes

Costly Mistakes are errors or poor decisions that result in significant financial loss or damage.

Planning

Process of anticipating future events and conditions and determining courses of action for achieving organizational objectives.