Which of the following statements is NOT TRUE?
A) Inventory is any asset held for future use or sale.
B) When using ABC analysis, "C" items comprise of a small dollar value.
C) Stock keeping unit (SKU) is a single item or asset stored at multiple locations.
D) The lead time is the time between placement of an order and its receipt.

Question

Quizplus · Accepted Answer

SKU (Stock Keeping Unit) refers to a specific item stored in one location, not multiple locations. Each unique form of item (size, type, etc.) has its own SKU for inventory tracking purposes.

Which of the Following Statements Is NOT TRUE