This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

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Here are the answers to Question Two and Question Three.
QUESTION TWO
The ABCD classification scheme is an inventory management method used to categorize items based on their value, usage, or importance to the business. This helps prioritize control efforts, focusing more attention on high-value items.
QUESTION THREE
A "Shopper service," also known as a mystery shopper program, involves hiring individuals to pose as regular customers to evaluate the service quality, operational procedures, and honesty of staff, including bartenders. The belief that such a service can help detect and deter bartender theft is well-founded due to several reasons:
However, while effective, a shopper service has limitations. It is not a constant surveillance method, meaning theft can still occur when shoppers are not present. It also requires a financial investment. For maximum effectiveness, a shopper service should be integrated into a broader control system that includes robust point-of-sale (POS) systems, regular inventory audits, and visible surveillance.
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These are high-value items that represent a significant portion of the total inventory cost but a small percentage of the total number of items.
This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.