Which statement about ABC Classification is false? ABC Classification:Group of answer choicesSuggests that "C" items do not need to monitored as closely as "A" items.Is based on the Shewhart Principle.Attempts to classify inventory items to be monitored into three different classes depending on the criticality of the items.Places about 80-85% of the inventory items to be monitored into the "B" and "C" categories.