"C" Items,in an ABC Analysis

question 42

Multiple Choice

"C" items,in an ABC analysis:

• A)are those items that account for a moderate dollar usage volume.
• B)are those that are low-cost and high-volume by nature.
• C)do not require detailed record keeping or inventory control.
• D)should be tracked with analytical tools and frequent counts.

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Definitions:

Widgets

A generic term for an unspecified, hypothetical product used in economic and business analysis.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, ceteris paribus.

Beef

The flesh of a cow, steer, or bull raised and killed for its meat.

Price Elasticity of Demand

The response level of the demand for a product to variations in its price, determined by dividing the percentage change in the demanded quantity by the percentage change in the price.