The inventory turnover ratio is computed by dividing cost of goods sold by average merchandise inventory.
Answer the following statement true (T) or false (F)
True
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In a self-perpetuating board, new members are selected by ______.
A. a selection committee B. the chief executive officer C. the existing members of the board D. the membership of the organization
The benefits of comparing actual performance of the operations against planned goals include all of the following except:
A) providing prompt feedback to employees about their performance relative to the goal B) preventing unplanned expenditures C) helping to establish spending priorities D) determining how managers are performing against prior years' actual operating results
A(n) ________ is a scheme that allots to employees ever-improving employment rights and benefits as their relative lengths of pertinent employment increase.
A. seniority system B. discrimination avoidance plan C. affirmative action plan D. preferential selection system
What happens if a contract whose purpose involves committing a crime is brought to a court of law?