ABC Inventory Analysis is a classification system that focuses an organizations attention on the inventory items that merit the most attention.

Question 1 options:

	True
	False

Question 2 (1 point)

ABC Inventory Analysis begins by considering the single item on which the organization spends the least money.

Question 2 options:

	True
	False

Question 3 (1 point)

The percentage of time in which customer demand can be satisfied immediately from inventory is also known as the safety stock.

Question 3 options:

	True
	False

Question 4 (1 point)

Safety stock inventory is used to increase the service level.

Question 4 options:

	True
	False

Question 5 (1 point)

The next generation of MRP was known as Manufacturing Resource Planning, and was labeled MRPB.

Question 5 options:

	True
	False