Taylor Inc. has different benefits plans for employees who are single parents as compared to those for single employees with no dependents. Specifically, single parents get additional disability insurance as well as life insurance. This type of benefit plan is known as

Which of the following statements about ABC analysis is FALSE?

A) ABC analysis is based on the presumption that controlling the few most important items produces the vast majority of inventory savings. B) In ABC analysis, "A" items should have tighter physical inventory control than "B" or "C" items have. C) In ABC analysis, forecasting methods for "C" items may be less sophisticated than for "A" items. D) ABC analysis is based on the presumption that all items must be tightly controlled to produce important cost savings. E) Criteria other than annual dollar volume, such as high holding cost or delivery problems, can determine item classification in ABC analysis.

The final approval of a dividend payment comes from the

A) controller. B) president of the company. C) board of directors. D) Chief Financial Officer.