ABC Analysis Is Based Upon the Principle That

question 114

Multiple Choice

ABC analysis is based upon the principle that:

• A) all items in inventory must be monitored very closely.
• B) there are usually a few critical items, and many items that are less critical.
• C) an item is critical if its usage is high.
• D) more time should be spent on class "C" items because there are many more of them.
• E) as with grade distributions in many MBA courses, there should be more medium-level "B" items than either "A" or "C" items.

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Definitions:

Psychiatrist

A medical doctor specialized in the diagnosis, treatment, and prevention of mental illnesses and disorders.

Mental Disorders

Conditions that affect mood, thinking, and behavior, often leading to distress or impairment in daily functioning.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of human experience and including both normal and abnormal behavior.

Medical Prescriptions

Written orders from a licensed healthcare professional that authorize a patient to be provided a medicine or treatment.