ABC Inventory Analysis — Assessment

1. What principle underlies ABC analysis?

The Pareto 80/20 principle Random sampling Tax averaging First-in-first-out

2. How should you rank items for ABC classification?

Alphabetically By annual usage value (units × cost) By supplier name By colour

3. Which tier gets the tightest controls?

B items None C items A items

4. How often should C items typically be counted?

Never recorded Hourly Rarely, such as once a year Daily

5. Why does counting frequency follow ABC class?

Tax rules require it Because errors in A items are errors in real money To slow staff down For decoration

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