$3$

Multiple Choice

$4$ points

Using the ABC classification system for inventory, which of the following is a true statement?

The $"$C$"$ items are of low dollar value

Inexpensive and low usage items are classified as $"F"$ no matter how critical

The $"A"$ items are of low dollar value

The $"A"$ items are similar to the $"B"$ items

You should allocate about $50\%$ of the dollar volume to $"$B$"$ items