ABC Analysis Is Based Upon the Principle That

question 20

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 which 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 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

---

Definitions:

Interrogatory

A formal set of written questions required to be answered under oath by a party in a lawsuit as part of the discovery process.

Quasi In Rem Jurisdiction

A legal principle allowing a court to exercise jurisdiction over an out-of-state defendant's property within the jurisdiction for the purpose of the lawsuit.

Subject Matter Jurisdiction

The authority of a court to hear cases pertaining to a specific type of issue or within a particular category of legal matters.

Concurrent Federal Jurisdiction

A situation where both federal and state courts have the authority to hear and decide on the same case.