A company with a high inventory turnover requires a larger investment in inventory than another company of similar sales with a lower inventory turnover.
Answer the following statement true (T) or false (F)
False
Inventory turnover = Cost of goods sold รท Average inventory
A higher inventory turnover suggests a smaller investment in inventory is required.
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Use the information in Table 10.4. How much total slack will be generated from the schedule?
A) fewer than six days B) six days C) seven days D) greater than seven days
Lisa mailed an offer to sell cotton to Jeff who sent an acceptance. However, Jeff made changes in the time and place of delivery. Under the UCC's Article 2:
a. acceptance cannot change the terms of the offer without being considered either a rejection or a counteroffer b. acceptance is valid only if this is a requirements contract c. alterations are not valid under the UCC so the parties need to look to the common law of contracts for a solution d. acceptance is valid only if this is an option contract e. none of the other choices
Being prepared to take advantage of a new job opportunity is important for good ________ management.
A) career B) investment C) retirement D) college E) life
________ is a performance rating method that is based on meeting objectives set at the beginning of the performance review period.
A. Paired comparison performance objectives B. Behaviourally anchored objectives C. Adjective rating scales D. Behaviour rating scales E. Management by objectives