ABC Analysis Provides Insight Into

question 34

Multiple Choice

ABC analysis provides insight into:

• A) Total inventory costs
• B) Average inventory costs
• C) What items account for the most expenditures
• D) What items are critical to avoid stock outs
• E) High turnover items

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Definitions:

Speech-Recognition Software

Software that recognizes and interprets human speech, either one word at a time (discrete speech) or in a stream (continuous speech).

Input Technology

Refers to tools and methods used to input data into a computer system or process, ranging from keyboards and scanners to voice recognition systems.

Moore's Law

The observation that the number of transistors on a microchip doubles approximately every two years, leading to continuous advances in computing power and efficiency.

Best Of Breed

Products or solutions considered to be the best in their category, typically used in technology procurement to describe systems that offer specific desired functionality.