All of the following statements are true regarding Item C in ABC analysis, EXCEPT:

Correct option is A

In ABC analysis, Item C represents the least expensive and most numerous items, which do not require tight control compared to Items A and B. These items typically account for a large percentage of inventory but only a small proportion of the total inventory cost.
Explanation of options: (a) ✔ Incorrect. Item C does not require tight control; it is typically less critical to inventory management. (b) ✔ Correct. Item C accounts for a large portion of inventory items (40-50%) but a small percentage of the cost. (c) ✔ Correct. These items are usually managed by low-level managers because they are less critical. (d) ✔ Correct. Item C represents 5-10% of the total inventory cost, despite its large quantity.