Which of the following formulas gives the inventory turnover ratio?
a. Net credit sales/Average inventory
b. Average inventory/Net credit sales
c. Cost of goods sold/Average inventory
d. Average inventory/Cost of goods sold
c
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The manager of Center E provides administrative activities for the other centers in the company. What type of responsibility center is Center E?
A) Cost center B) Discretionary cost center C) Revenue center D) Investment center
In the growth stage of the product life cycle, competition:
A. is virtually nonexistent. B. begins as firms enter the market with new variations of existing products. C. decreases with many weaker firms already leaving the market. D. spurs major price cuts, which dramatically cut into profits.
What type of auto insurance protects you in the case of accident regardless of who caused the accident?
A) No-cause insurance B) No-fault insurance C) No-litigation insurance D) Cause-free insurance E) None of the above
When using an object-oriented approach to software development we create models using ________, their relationships, and their interactions
A) programs B) system analysts C) objects D) project mangers