{"id":50001,"date":"2024-04-15T23:04:00","date_gmt":"2024-04-15T23:04:00","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=50001"},"modified":"2024-04-15T23:04:00","modified_gmt":"2024-04-15T23:04:00","slug":"is-a-technique-of-stock-control-which-leads-to-saving-of-time-of-the-management-because-attention-is-required-to-be-paid-only-to-some-of-the-items-rather-than-on-all-the-items","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/is-a-technique-of-stock-control-which-leads-to-saving-of-time-of-the-management-because-attention-is-required-to-be-paid-only-to-some-of-the-items-rather-than-on-all-the-items\/","title":{"rendered":". . . . . . . . is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a974184d0394\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    ABC Analysis                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    JIT Inventory System                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    VED Analysis                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Perpetual Inventory System                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>ABC Analysis<\/strong>.<\/p>\n<p>ABC Analysis is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.<\/p>\n<p>In ABC Analysis, items are classified into three categories: A, B, and C. A-items are the most important items, accounting for a large percentage of the total <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> value of inventory. B-items are less important items, accounting for a medium percentage of the total value of inventory. C-items are the least important items, accounting for a small percentage of the total value of inventory.<\/p>\n<p>The ABC Analysis technique is based on the Pareto Principle, which states that 80% of the effects come from 20% of the causes. In the context of inventory management, this means that 80% of the value of inventory comes from 20% of the items.<\/p>\n<p>By classifying items into A, B, and C categories, managers can focus their attention on the most important items (A-items). This can save time and money, as managers do not need to spend time and money managing items that are not as important (B-items and C-items).<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li><strong>A. ABC Analysis<\/strong> is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.<\/li>\n<li><strong>B. JIT Inventory System<\/strong> is a method of inventory management in which materials and components are delivered just as they are needed for production. This system can help to reduce inventory costs and improve efficiency.<\/li>\n<li><strong>C. VED Analysis<\/strong> is a technique for classifying items in inventory according to their value, urgency, and criticality. This information can <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> be used to develop a more efficient inventory management system.<\/li>\n<li><strong>D. Perpetual Inventory System<\/strong> is a system of inventory management in which the inventory level is constantly updated. This can be done manually or by using a computer system.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>. . . . . . . . is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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