Which of the Following Might Be Attributed to Efficient Inventory

question 46

Multiple Choice

Which of the following might be attributed to efficient inventory management?

• A) High inventory turnover ratio.
• B) Low incidence of production schedule disruptions.
• C) High total asset turnover.
• D) All of the above.
• E) Only answers a and c above.

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Definitions:

Pro Rata Share

A portion of a whole that is allocated proportionally among participants based on their share or contribution.

Insufficient Funds

Insufficient funds occur when an account does not have enough money to cover checks or electronic withdrawals made against it, often resulting in fees and declined transactions.

Preferential Lien

A lien that gives the creditor the right to be paid before other creditors if the debtor defaults or assets are liquidated.

Existing Debt

Financial obligations or loans that a person or entity is currently responsible for.