Which of the Following Is the Most Appropriate Regarding Inventory

question 3

Multiple Choice

Which of the following is the most appropriate regarding Inventory turnover?
A. Inventory turnover increases as average inventory decreases, while other things remain the same.
B. Inventory turnover is an efficiency measure.
C. Inventory turnover is unaffected by changes in annual sales.

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice A and B only.
• E) Choice A, B and C will hold.

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Definitions:

Little Uncertainty

Situations in which outcomes or expectations are relatively clear and predictable, minimizing the need for guesswork or speculation.

Personality

Is the relatively stable set of psychological attributes or traits that distinguish one person from another. Some organizations believe that one or more particular personality traits may relate to how well an employee can perform a certain job or type of job.

Psychological Attributes

Characteristics of an individual's psychological makeup, including personality traits, attitudes, motivations, and emotions.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.