ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

TIME MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Step one of the ABC Method is:
A
List out all of your to-do items
B
Sort the to-do items in order of priority
C
Continue to plan daily and weekly
D
Estimate the length of time each to-do item will take
Explanation: 

Detailed explanation-1: -Step 1: Brainstorm Tasks. Step 2: Estimate Time. Step 3: Rate Each Task by Priority. Step 4: Cross Off Tasks. Step 5: Reevaluate Your List. 03-Mar-2014

Detailed explanation-2: -The first step in conducting an ABC analysis is to rank your inventory items from A to C, with “A” being the most important and “C” being the least important. This ranking is typically based on factors such as turnover rate, profit margin, and safety stock levels.

Detailed explanation-3: -ABC analysis is a method in which inventory is divided into three categories, i.e. A, B, and C in descending value. The items in the A category have the highest value, B category items are of lower value than A, and C category items have the lowest value. Inventory control and management are critical for a business.

Detailed explanation-4: -Step 1: Gather All Inventory Data. Step 2: Find The Total Value of Each Item. Step 3: Calculate the Total Value of Your Inventory. Step 4: Calculate the Percentage of Value Each Inventory Item Offers. Step 5: Classify Your ABC Inventory. More items •20-Feb-2023

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