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The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? for Mechanical Engineering 2024 is part of Mechanical Engineering preparation. The Question and answers have been prepared according to the Mechanical Engineering exam syllabus. Information about The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Mechanical Engineering 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer?.

Solutions for The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Mechanical Engineering. Download more important topics, notes, lectures and mock test series for Mechanical Engineering Exam by signing up for free.

Here you can find the meaning of The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The statements about ABC analysis are following:1. Inventory may be categorized by measures other than dollar volume.2. It categorizes on-hand inventory into three groups based on annual rupee volume.3. It is an application of the pareto principle.4. It states that all items require same degree of control.5. It states that there are the critical few and the trivial many inventory items.Which of the above statements are true?a)1,2,3 and 4b)1,2, 3 and 5 ‘c)2, 3, 4 and 5d)1,3, 4 and 5Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Mechanical Engineering tests.