Question: ABC analysis is based on the principle that there are usually a few important items, and many items which are not important more time should

ABC analysis is based on the principle that
there are usually a few important items, and many items which are not important
more time should be spent on class "C" items because there are more of them
an item is important if its unit price is high
an item is important if its usage is high
all items in inventory must be monitored very closely
ABC analysis is based on the principle that there are usually

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

ABC analysis is based upon the principle that: more time should be spent on class " C " items because there are many more of them. all items in inventory must be monitored very closely. an item is...

Q:

ABC analysis is based upon the principle that an item is critical city such as high all iron is in inventory must be monitored very closely an item is critical if it's your price is high more time...

Q:

I am confusing filling out the 6 tables! please help me to fill them out and also the excel calculation process! ACCY 303 Group Project: Constructive Capitalization of Operating Leases The purpose of...

Q:

ABC analysis is based upon the principle that there are usually a few critical items, and many items which are less critical more time should be spent on class " C " items because there are more of...

Q:

1. ABC analysis is based upon the principle that: There are usually a few critical items, and many items which are less critical All items in inventory must be monitored very closely An item is...

Q:

11 ]A job shop is an example of a(n): Select one: a. intermittent process. b. repetitive process. c. specialized process. d. line process. e. continuous process. 12] Balancing low-cost storage with...

Q:

ABC analysis is based upon the principle that: ABC analysis is based upon the principle that: all items in inventory must be monitored very closely. more time should be spent on class " C " items...

Q:

ABC analysis is based upon the principle that: ABC analysis is based upon the principle that: all items in inventory must be monitored very closely. more time should be spent on class " C " items...

Q:

ABC analysis is based upon the principle that: ABC analysis is based upon the principle that: all items in inventory must be monitored very closely. more time should be spent on class " C " items...

Q:

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...

Q:

Carter Inc. produces two products, A and B. Pertinent per-unit data follow: A B Sales Price $268 $225 Costs: Direct Materials 80 40 Direct Labor 43 80 Variable factory overhead (based on direct labor...

Q:

How has the balancing test used to resolve free speech cases evolved over time? What is the current standard for such cases?

Q:

hedge funds, they are involved in which of the following activities? matchmaking trading operations asset management securitization underwriting

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...