Rather than rephrase the question stem, it may be easier to jump immediately to the statements. Since the variable A lies on both sides of the inequality sign, if we can determine the sign of A, we can divide by A and simplify the Question Stem.
Is ABC < A?
s1: AB < 0
s1 tells us that A and B must have opposite signs
case 1: A = +positive ; B = -negative
however, we are Given: A < B
this case is impossible since a (positive) value can never be less than a (negative) value.
thus, statement 1, in conjunction with the given info., tells us that case 2 must be true:
Case 2:
A = (-)neg
B = +pos
since we know the sign of the Variable A, we can divide both sides of the question stem by A. The question becomes:
Is: (BC) < 1
we do NOT know the sign of C however.
we are given: C < B
(I) A = -1 , B = +2 , C = +1
satisfies the given constraint and statement 1. BC = (+2) (+1) = +2 ---- a value that is NOT less than 1.
NO
(II) A = -1 , B = +2 , C = -3
satisfies the given constraint and statement 1. BC = (+2) (-3) = -5 ----- a value < 1
YES
since we get two different answers (YES and NO) statement 1 is NOT sufficient
statement 2: AC > 0
s2 tells us that A and C must have the SAME Sign.
case 1: A = +pos ; C = +pos
we can then divide both sides of the question stem by A under this assumption and the inequality sign does not reverse.
Q becomes: Is BC < 1?
further, since we are given that C < B
B must be greater than the +pos value of C
B = +positive also
but we do not know whether A, B, and C are Integers, Decimals, Rational or Irrational numbers, etc.
(I) A = +1/4 ; B = +1/2 ; C = +1/4
IS: BC < 1 ?
YES
(II) A = +1 ; B = +2 ; C = +1
IS: BC < 1?
NO
again, since we get two different answers (YES and NO) statement 2 is NOT sufficient alone
(S1 & S2) together:
from statement 1, we were able to infer that:
A = (-)neg
B = +pos
further, statement 2 tells us that:
AC > 0
or, the variables A and C must have the SAME SIGN
therefore, we can infer:
C = (-)negative
Summary:
A = (-)negative ; B = +positive ; C = (-)negative
*Is: ABC < A ?
divide both sides by A, a negative value, reversing the inequality sign in the process.
*Is: BC > 0 ?
since we know that B is positive and C is negative, they must have opposite signs, and we can answer the question with a DEFINITE NO: BC < 0
*C* Statements together are sufficient