ABC Analysis Classifies On-Hand Inventory into Three Categories Based Upon

question 73

Multiple Choice

ABC analysis classifies on-hand inventory into three categories based upon the

• A) unit price
• B) total dollar sales of an item
• C) number of units on hand
• D) rate of turnover

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Definitions:

Work Unit

A functional division or team within an organization, focused on a specific set of tasks or objectives.

Key Stakeholders

Individuals or groups that have an interest, claim, or stake in a company, can affect or be affected by the organization's actions, objectives, and policies.

Regulators

Entities or individuals responsible for creating and enforcing rules or standards to control or manage behavior in a specific area.

Workforce Diversity

The inclusion of individuals with a wide range of characteristics and experiences in a workplace.