ABC Analysis Divides On-Hand Inventory into Three Classes, Generally Based

question 110

Multiple Choice

ABC analysis divides on-hand inventory into three classes, generally based upon

• A) item quality
• B) unit price
• C) the number of units on hand
• D) annual demand
• E) annual dollar volume

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Definitions:

State Action

Activities or conduct carried out by government or governmental officials, particularly with respect to whether an action can be challenged as unconstitutional.

Public Function

An activity or service that is traditionally the responsibility of the government and is performed or carried out for the benefit of the public.

State Regulation

The oversight and control by a state government over certain activities, industries, or professions within its jurisdiction.

Federal Action

Any legal actions initiated or enforced by the federal government or its agencies.