Question: Question 2 3 pts ABC analysis is based upon the principle that all items in inventory must be monitored very closely there are usually a

Question 2
3 pts
ABC analysis is based upon the principle that
all items in inventory must be monitored very closely
there are usually a few critical items, and many items that are less critical.
an item is critical if its usage is high.
more time should be spent on class "C" items because there are many more of them
Question 2 3 pts ABC analysis is based upon the principle

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:

Training and Development 7 Blend Images/Blend Images/Superstock Learning Outcomes Define the terms training and development. After reading this chapter, you should be able to do the following:...

Q:

A location analysis has been narrowed down to three locations. The critical factors, their weights, and the ratings for each location are shown below: What is the composite score for location A ? 76...

Q:

A location analysis has been narrowed down to three locations. The critical factors, their weights, and the ratings for each location are shown below: What is the composite score for location A ? 76...

Q:

A location analysis has been narrowed down to three locations. The critical factors, their weights, and the ratings for each location are shown below: What is the composite score for location A ? 76...

Q:

QUESTION 12 ABC analysis is based upon the principle that all items in inventory must be monitored very closely O there are usually a few high-priced inventory items that should be monitored closely...

Q:

ABC analysis is based upon the principle that: all items in inventory must be monitored very closely an item is critical if its demand is higher than that of the other items in stock the safety stock...

Q:

ackboard > XC Remaining Time: 1 hour, 53 minutes, 19 seconds. Question Completion Status: QUESTION 18 18 20 Ps are needed in the following product-tree, and on-hand inventory consists of 10 As, 15...

Q:

Which of the following is NOT one of the four main types of inveton? safety stockinventory O frished - goods inventooy O work - in - process inventory raw materialinventoryABC analysis is based upon...

Q:

Jake likes to have $30,000 in his account when he retires in 25 years. How much should he invest in his account now, if interest is 15% compounded semi-annually?(2 points) $806.67 $4,918.03 $32,250...

Q:

On January 1, 2018, FAVB ( A C Corporation) was charged in total up front $1M for a software license (1 year term) and a maintenance contract ( 4 year term). They paid XYZ Corporation this payment....

Q:

Frear 7 Frear 1 \ table [ [ Wert Sidens, 5 . 3 0 0 , Mace ] , [ , 1 , 1 3 9 , 1 . 2 4 5 ] , [ Deperciation and amoutions, 3 1 0 , 3 5 0 ] , [ Tual feeventing fiestin, 1 . 4 . 3 8 , 1 . 7 0 0 ] , [...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...