In the ABC System of Inventory Management, the ________ Method

question 101

Multiple Choice

In the ABC system of inventory management, the ________ method could be utilized to control C items.

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

---

Definitions:

Paid Vacation Days

Refers to the number of days an employee is allowed to take off work with pay as part of their employment benefits.

Conglomerate

A large corporation that consists of diverse and often unrelated businesses.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Secondary Labour Market

Refers to jobs characterized by low pay, job insecurity, limited career prospects, and minimal benefits, often contrasted with the 'primary' market which offers better employment conditions.