The ________ Inventory Control System Relies on the Validity of the 80/20

question 71

Multiple Choice

The ________ inventory control system relies on the validity of the 80/20 rule.

• A)partial
• B)perpetual
• C)visual
• D)ABC

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Definitions:

Necessary Cost

Expenses deemed essential for the operation of a business or the production of goods and services, often including materials, labor, and overheads.

Pocket Protectors

Small, flat cases used to hold items like pens in a shirt pocket, preventing ink from staining the fabric.

Competitive Advantage

The unique attributes or capabilities that allow an organization to achieve higher margins or sales compared to its competitors, leading to a dominant position in the market.

Minimally Supervised

Situations or roles where individuals are given the autonomy to perform their duties with little to no ongoing direct oversight.