Which of the Following Is Not True Regarding ABC

question 66

Multiple Choice

Which of the following is not true regarding ABC?

• A)ABC is too time-consuming and complicated for practical applications over a sustained period.
• B)ABC identifies the most and least profitable products and customers.
• C)ABC promotes the lean manufacturing philosophies of process simplification and waste elimination.
• D)All of the statements are true.

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Definitions:

Implicit Memory

A form of memory where past experiences assist in executing a task without deliberately recalling these past events.

Semantic Memory

A type of long-term memory involving the capacity to remember meanings, factual information, and general knowledge about the world.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences, including contextual details such as time and place.

Knitting

A method by which yarn is manipulated to create a textile or fabric, often used in making clothes.