While reviewing this month's numbers, a retail manager noticed that the stockturn rate was much higher than last month. What does this mean?
A. Their profits have declined.
B. Product is selling more quickly this month than last.
C. Product is selling less quickly this month compared to last.
D. Their costs have risen.
E. None of these answers relates to stockturn rate.
Answer: B
You might also like to view...
A formal log-on procedure is the operating system's first line of defense. Explain how this works
Which of the following is not a reason to allocate overhead?
a. it will increase profitability. b. to motivate the production manager to do the best possible job of controlling overhead. c. to determine the full cost of the items. d. to compare alternative courses of action for management and control.
If costs are allocated on a somewhat arbitrary base, what purpose does computing product costs have?
What will be an ideal response?
For a given type of payment card and processing system, the processes and participants are essentially the same for off-line (card present) and online (card not present) purchases
Indicate whether the statement is true or false