Which of the following statements about ABC inventory classification schemes is FALSE?
A) "A" items typically represent the smallest group in terms of the number of items.
B) As little as 10-20% of the items may account for 60-80% of the annual dollar use.
C) "A" items often justify perpetual inventory recordkeeping.
D) ABC systems typically have more than three classes.
Correct Answer:
Verified
Q23: If the standard deviation of lead time
Q24: Demand for an item is 10 units
Q25: Safety stock inventory is
A) equivalent to the
Q26: Demand for an item is 20 units
Q27: Inventory position or stock position is defined
Q29: Assume uniform annual demand for an item
Q30: Correctly complete the following statements.Independent demand and
Q31: Primary reasons to hold inventory include all
Q32: Which of the following statements is INCORRECT
Q33: Which of the following statements concerning differences
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