ABC Analysis Is Based on the Presumption That Carefully Controlling

question 19

True/False

ABC analysis is based on the presumption that carefully controlling all items is necessary to produce important inventory savings.

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Definitions:

Direct Contribution

The direct financial impact of a specific activity or unit towards the overall profit or revenue of a business.

Line Managers

Managers who have direct responsibility for managing employees and operations, acting as a link between higher management and the workforce.

Technical Expertise

Specialized knowledge or skills in a particular area of technology or science.

Line Workers

Employees who are directly involved in the production process of a factory or in the operation of a service company.