Of the Following Statements

Multiple Choice

Of the following statements:
I. 'A' items usually account for about 70%−80% of the total usage value.
II. About 50% of the items usually account for 50% of the value.
III. 'C' items should be given the top priority in inventory management.

A) I and II are true
B) II and III are true
C) I and III are true
D) only III is true
E) only I is true