Which of the following formulas would be used to determine the inventory turnover ratio?
A) Net credit sales / Average inventory
B) Average inventory / Net credit sales
C) Cost of good sold /Average inventory
D) Average inventory / Cost of good sold
C
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Which statements about data warehousing is not correct?
a. The data warehouse should be separate from the operational system. b. Data cleansing is a process of transforming data into standard form. c. Drill-down is a data-mining tool available to users of OLAP. d. Normalization is an requirement of databases included in a data warehouse.
Ralph Co. enters into an agreement to sell 500 computers to Buyer. Ralph decides that it cannot
fulfill its contract so it transfers all its rights and duties under the contract to George Co. A) The contract is unenforceable because this type of contract cannot be assigned. B) This is an assignment. C) This is an assignment and a delegation. D) This is a delegation.
Which of the following statements is true if a process has a Cpk of between 1 and 1.33?
A) The process is marginal. B) The process is capable. C) The process is not capable. D) None of the above is true.
Glenda insured her home for its full replacement cost under an unendorsed Homeowners 3 policy. Which of the following statements is true?
A) The dwelling and other structures are covered on a named-perils basis. B) Losses to personal property are settled on a replacement cost basis. C) The personal property is covered on an open-perils basis. D) Losses to the dwelling and other structures are settled on a replacement cost basis.