Which of the Following Statements About ABC Inventory Classification Schemes

question 6

Multiple Choice

Which of the following statements about ABC inventory classification schemes is FALSE?

• A) "A" items typically represent the smallest group in terms of the number of items.
• B) As little as 10-20% of the items may account for 60-80% of the annual dollar use.
• C) "A" items often justify perpetual inventory recordkeeping.
• D) ABC systems typically have more than three classes.

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Definitions:

Herpes Virus

A large family of viruses that can cause diseases in animals and humans, including cold sores and chickenpox.

Chicken Pox

A highly contagious viral disease, typically occurring in children, characterized by an itchy rash, fever, and fatigue, caused by the varicella-zoster virus.

Shingles

A viral infection causing a painful rash, usually appearing as a strip of blisters on one side of the body.

Autonomic System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.