Question: 6 0 . ABC analysis is based upon the principle that: a . all items in inventory must be monitored very closely. b . is

60. ABC analysis is based upon the principle that:
a. all items in inventory must be monitored very closely.
b. is due to Pareto of the vital few versus the trivial many.
c. an item is critical if its demand 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 School of Business courses, there should be more medium-level "B" items than either "A" or "C" items.

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