Using the ABC Classification System for Inventory,which of the Following

question 89

Multiple Choice

Using the ABC classification system for inventory,which of the following is a true statement?

• A)The "C" items are of moderate dollar value per unit
• B)You should allocate about 15 % of the dollar volume to "B" items
• C)The "A" items are of low dollar value per unit
• D)The "A" items are of high dollar value per unit
• E)Inexpensive and low usage items are classified as "C" no matter how critical

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Definitions:

Psychologists

Professionals trained in the science of behavior and mental processes who provide insights and interventions for mental health and well-being.

Inexpensive

Costing little money; affordable or budget-friendly.

Culturally Appropriate

Actions, behaviors, or practices that are considerate and respectful of the cultural norms and values of others.

APA Ethics Code

A set of guidelines and standards established by the American Psychological Association to ensure ethical practice in the field of psychology.