In General,it's Better to Have a Low Inventory Turnover Ratio

question 91

True/False

In general,it's better to have a low inventory turnover ratio than a high one,as a low ratio indicates that the firm has an adequate stock of inventory relative to sales and thus will not lose sales as a result of running out of stock.

---

Definitions:

Mirror-image Photographs

Images that are reversed across a vertical axis, similar to what one sees in a mirror reflection.

Mere Exposure Effect

The phenomenon where people tend to develop a preference for things merely because they are familiar with them.

Bystander Effect

A phenomenon in social psychology where people are less inclined to assist someone in need when there are others around.

Stereotyping

The act of applying generalized beliefs or attributes to individuals based on their membership in a particular group, often leading to oversimplified and inaccurate judgments.