Which of the Following Is True About the ABC Approach

question 52

Multiple Choice

Which of the following is true about the ABC approach to managing inventory?

• A) It involves determining inventory stocking requirements directly from the financial plan.
• B) It involves managing inventories based on the total value of their usage per unit of time.
• C) It involves maintaining safety stocks to accommodate unexpected changes in demand and supply.
• D) It involves determining the point at which ordering costs equal carrying costs.
• E) It involves quantifying the amount of each component needed on the basis of the product demand forecast.

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Definitions:

Eschar

A dry, dark scab or falling away of dead skin, typically resulting from a burn or by the action of certain skin diseases.

Partial-thickness Burn

A type of burn that affects the first and second layers of skin, causing pain, swelling, and blistering, but not as severe as a full-thickness burn.

Dermis

The thick layer of living tissue below the epidermis that forms the true skin, containing sweat glands, hair follicles, and other structures.

Epidermis

The outermost layer of the skin that provides a waterproof barrier and creates our skin tone.