Which statement about ABC Classification is false? ABC Classification:

Group of answer choices

Places about 80-85% of the inventory items to be monitored into the "B" and "C" categories.

Suggests that "C" items do not need to monitored as closely as "A" items.

Attempts to classify inventory items to be monitored into three different classes depending on the criticality of the items.

Is based on the Shewhart Principle.