The ABC Inventory Control System Categorizes Inventory Items into Three

question 28

True/False

The ABC inventory control system categorizes inventory items into three groups,A,B,and C.A items are given highest priority,while C items have the lowest priority.Prioritization may be based on annual dollar usage,shelf life,or sales volume.

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Definitions:

Seafloor Depth

The vertical distance from the ocean surface to the bottom of the ocean floor, varying greatly across different oceanographic features.

Trench

A long, narrow ditch often used for defense, utilities, or as a significant topographical feature on the ocean floor.

Passive Margin

A continental margin that is not a plate boundary.

Seafloor Age

The age of the oceanic crust, which increases with distance from mid-ocean ridges where new crust is formed.