Which of the Following Is Not Used to Measure the Efficiency

question 116

Multiple Choice

Which of the following is not used to measure the efficiency with which a firm uses its assets?

• A)Inventory turnover ratio
• B)Current ratio
• C)Accounts receivable turnover ratio
• D)Asset turnover

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Definitions:

Logistics

The detailed coordination of a complex operation involving many people, facilities, or supplies.

Supply Chain

Refers to the network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.

Customer Requirements

The identified needs, preferences, and expectations specified by customers regarding the quality, functionality, and performance of a product or service.

Relationship Marketing

A strategy designed to foster customer loyalty, interaction and long-term engagement with customers by providing them with information directly suited to their needs and interests and by promoting open communication.