In Its Industry Norms and Key Business Ratios, Dun

question 52

Multiple Choice

In its Industry Norms and Key Business Ratios, Dun & Bradstreet reported that Q₁, Q₂, and Q₃ for 2,037 gasoline service stations' sales to inventory ratios were 20.8, 33.4, and 53.8, respectively.From this we can conclude that ____________.

• A)68% of these service stations had sales to inventory ratios of 20.8 or less
• B)50% of these service stations had sales to inventory ratios of 33.4 or less
• C)50% of these service stations had sales to inventory ratios of 53.8 or more
• D)95% of these service stations had sales to inventory ratios of 33.4 or more
• E)99% of these service stations had sales to inventory ratios of 53.8 or more

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Definitions:

Waste Reduction

The process of minimizing the amount of waste generated by reducing, reusing, and recycling materials.

Future Search Conferences

A large group intervention method aiming to bring diverse people together to envision and plan their future collectively, focusing on common ground and positive action.

Organizational Change

The process by which organizations adapt to new conditions, restructure, or alter their strategies, structures, or processes to improve effectiveness.

Cost Reduction

The process or strategy of lowering expenses incurred by a business in order to improve profitability without compromising the quality of its products or services.