The Basic Assumption of the ABC Approach to Inventory Management

question 25

Multiple Choice

The basic assumption of the ABC approach to inventory management is that:

• A)inventory should be divided dependent on the type of cash or credit sale anticipated.
• B)most items are ordered,stocked,and sold in a relatively short period of time.
• C)firms should receive A customer's order Before incurring inventory Costs.
• D)a small portion of inventory represents a large portion of inventory costs.
• E)firms should Always Be Consistent in the amount of inventory ordered.

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Definitions:

Loneliness

The subjective feeling of being alone or isolated, regardless of the amount of social contact or number of relationships.

Perfectionist Tendencies

Behaviors or thought patterns that involve striving for flawlessness and setting extremely high-performance standards, often accompanied by critical self-evaluations and concerns regarding others' evaluations.

Psychoanalysis

A therapeutic approach and theory of personality development, founded by Sigmund Freud, that emphasizes unconscious motives and conflicts.

Emotional Problems

Difficulties in managing emotions and feelings that can significantly impact daily functioning and overall well-being.