The goal of the ABC approach for inventory management is to:

Multiple Choice

• Identify the order point for each inventory item.

• identify the best portion of inventory to sell.

• Enable the kanban system for reordering raw materials.

• identify the respective portion that each group of inventory represents to the overall value.

The quickest, most expensive way to make funds available is by using a:

Multiple Choice

• Depository transfer check (DTC)

• Cash concentration system

• Cash collection point

• Automated clearinghouse (ACH)

• Wire transfer