In an A-B-C System, the Typical Percentage of the Number

question 141

Multiple Choice

In an A-B-C system, the typical percentage of the number of items in inventory for A items is about:

• A)10
• B)30
• C)50
• D)70
• E)90

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Definitions:

Main Operations

The core activities or tasks through which a company generates its revenue and income, focusing on its primary business objectives.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

Expenses

Costs incurred during a period by a business or individual in the process of earning revenue.

Function

The specific role or activity for which something is used or responsible within a system, organism, or machine.