In the ABC System of Inventory Management, the ________ Method

question 238

Multiple Choice

In the ABC system of inventory management, the ________ method or system is appropriate for monitoring B items.

• A) basic economic order quantity
• B) materials requirement planning
• C) two-bin
• D) just-in-time

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Definitions:

Directors

Individuals appointed or elected to oversee the management and make strategic and policy decisions for a corporation or organization.

Key Management Personnel

Individuals who have authority and responsibility for planning, directing, and controlling the activities of an entity, typically including the company’s directors and senior executives.

Significant Influence

The power to participate in the financial and operating policy decisions of an entity but is not control or joint control over those policies.

Subsidiary

A company that is controlled by another company, usually referred to as the parent company or holding company.