Days' Sales in Inventory

question 141

Multiple Choice

Days' sales in inventory

• A)Focuses on ending inventory
• B)Is a ratio that tells us how much inventory a firm has on hand in terms of days' sales
• C)Is the number of days we can sell from inventory if no new items are purchased
• D)Focuses on ending inventory and is a ratio that tells us how much inventory a firm has on hand in terms of days' sales
• E)All of these

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Definitions:

Festinger And Carlsmith

Researchers known for their 1959 cognitive dissonance experiment, which investigated the effects of forced compliance behavior on changing attitudes.

Cognitive Dissonance

A state of psychological conflict arising from holding conflicting beliefs or values, leading to feelings of discomfort and the motivation to achieve consonance.

Cognitive Dissonance Theory

A psychological theory that suggests that individuals experience discomfort (dissonance) arising from inconsistent attitudes, beliefs, or behaviors and are motivated to reduce this discomfort by changing their attitudes, beliefs, or actions.

Severe Initiations

The concept that undergoing difficult or intense initiation processes can increase individuals' valuation and commitment to a group.