The relationship between gross margin in dollars and the average investment at cost is known as _____
a. asset turnover
b. gross margin return on investment
c. the strategic profit model
d. inventory turnover
b
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Heuristics can come into play when consumers forecast the likelihood of future outcomes or events. When would a consumer use an anchoring and adjustment heuristic?
What will be an ideal response?
The most important reason for cycle counting is to:
A) correct inventory valuation. B) train warehouse staff in location methods. C) correct inventory balances. D) keep stock in correct rotation. E) find and correct errors.
When regulators engage in macroprudential regulation, they focus on ________
A) the safety and soundness of the entire financial institution B) the credit standards of all loans held by the financial institution C) the safety and soundness of the financial system in aggregate D) the safety and soundness of each liability of the financial institution
Application controls:
A) can be classified as input controls, processing controls, and output controls. B) govern the design, security, and use of computer programs. C) apply to all computerized applications and consist of a combination of hardware, software, and manual procedures that create an overall control environment. D) include software controls, computer operations controls, and implementation controls. E) govern the security of data files in general throughout the organization.