Table 14.4 Bowring Ball Bearings Has 10 Different Items in Its Inventory.The

question 293

Multiple Choice

Table 14.4
Bowring Ball Bearings has 10 different items in its inventory.The average number of units held in inventory and the average unit cost are listed for each item.The firm uses an ABC system of inventory control.
-Inventory items that belong in the A category include ________.(See Table 14.4)

• A)Items 4 and 6
• B)Items 1 and 7
• C)Items 3 and 9
• D)Items 1 and 9

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Definitions:

Work Efficiency

The ability to accomplish tasks with the minimum expenditure of time and effort.

Ownership Culture

A work environment where employees are encouraged to think and act like owners, typically involving practices that share profits, stock options, or decision-making power.

Organizational Objectives

The specific goals that an organization aims to achieve, which guide its operations and strategic planning.

Gainsharing Plans

Incentive programs that share financial gains with employees based on productivity improvements or cost savings.