ABC Analysis Is Based Upon the Principle That

Multiple Choice

ABC analysis is based upon the principle that

A) all items in inventory must be monitored very closely
B) there are usually a few critical items, and many items which are less critical
C) an item is critical if its usage is high
D) more time should be spent on class "C" items because there are more of them
E) as with grade distributions in many MBA courses, there should be more medium-level "B" items than either "A" or "C" items