The inventory conversion period of a firm is equivalent to the average age of its inventory.
Answer the following statement true (T) or false (F)
True
The amount of time a product remains in inventory in various stages of completion is known as the inventory conversion period. It is equivalent to the average age of a firm's inventory. See 14-2: The Cash Conversion Cycle
You might also like to view...
Mission statements typically remain unchanged throughout the life of an organization
Indicate whether the statement is true or false
Which forms of consequences weaken an undesirable behavior?
A. positive and negative reinforcement B. extinction and negative reinforcement C. extinction and punishment D. negative reinforcement and extinction E. negative reinforcement and punishment
Comment on the project profiles Aziza Chaouni and Her Project to Save a River and Dr. Elattuvalapil Sreedharan, India's Project Management Rock Star. What evidence is offered of project leadership skills in these vignettes?
What will be an ideal response?
Which of the following is NOT an economic need?
A. convenience B. hunger C. economy of use D. dependability in use E. efficiency in use