Question: ABC analysis is based upon the principle that: a) all items in inventory must be monitored very closely b) ABC analysis is an application of

ABC analysis is based upon the principle that:

a) all items in inventory must be monitored very closely

b) ABC analysis is an application of the Pareto principle

c) more time should be spent on class Citems because there are many more of them

d) 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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