The ABC System of Managing Inventory

question 56

Multiple Choice

The ABC system of managing inventory:

• A)is the activity-based costing system.
• B)is a method of applying different levels of inventory control based on the value of each category of inventory.
• C)is a simple system of managing inventory based on three codes.
• D)none of the above.

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Definitions:

Comprehend Speech

The process by which the brain interprets and understands spoken language.

Receptive Language

The ability to understand words and language, including listening and reading comprehension.

Sign Language

A form of communication using visual gestures and signs, primarily used by the deaf and hard-of-hearing.

Telegraphic Speech

A stage in language development during which a child uses two-word sentences with high content-value words, omitting smaller, less important ones.