The ________ Is a Technique That Divides Inventory into Three

question 62

Multiple Choice

The ________ is a technique that divides inventory into three groups, according to dollar investment.

• A) JIT system
• B) ABC system
• C) EOQ model
• D) LIFO model

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Definitions:

Grow

To increase in size, amount, or intensity over time.

Invest

To allocate resources, typically money, with the expectation of achieving a future benefit or return.

Total

The sum of values or items added together, representing the overall amount or quantity.

Months

Units of time, approximately 1/12th of a year, used in calendars to segment time.