The Purpose of ABC Inventory Analysis Is

question 119

Multiple Choice

The purpose of ABC inventory analysis is:

• A)to help retail stores control their inventories to prevent shoplifting and employee theft.
• B)to save time by only inventorying those items that produce the majority of a firm's sales.
• C)to focus inventory control efforts on items that account for the majority of sales.
• D)a system to facilitate the computerization of a firm's perpetual inventory system.

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Definitions:

Loud Sounds

High decibel noises that can range from mildly distracting to potentially harmful.

Bright Lights

Intense levels of light that can have various effects on human behavior and physiology, such as impacting circadian rhythms.

Observational Learning

Learning that occurs through observing the actions of others and the consequences of those actions, without direct experience.

Classical Conditioning

An acquisition of knowledge process that forms by associating an environmental stimulus with a natural one.