Author Question: ABC analysis is based upon the principle that (Read 15 times)

OSWALD · **on:** Dec 3, 2019

Question 1

All of the following statements about ABC analysis are true except
◦ it categorizes on-hand inventory into three groups based on annual dollar volume.
◦ it states that there are the critical few and the trivial many inventory items.
◦ it states that all items require the same degree of control.
◦ it is an application of the Pareto principle.
◦ inventory may be categorized by measures other than dollar volume.

Question 2

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

Juro · **Reply #1 on:** Dec 3, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 25% of students answer this correctly