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:

Forecasting Tools

Instruments or software used to predict future trends or outcomes based on current data.

Human Capital Requirements

The necessary skills, knowledge, and abilities that employees must possess to fulfill the roles and responsibilities within an organization.

Sales Levels

The amount of revenue or units sold by a company in a specific period, which can indicate the performance and market demand for its products.

Human Capital Theory

A concept in economics that emphasizes the importance of human factors, such as skills and knowledge, in contributing to economic productivity.