Use the Following Information for the Next 2 Questions

question 5

Multiple Choice

Use the following information for the next 2 questions.
Ray Company's projected sales budget for the next four months is as follows: Beginning inventory for the year is 27,000 units. Ending inventory for each month should be 30% of the next month's sales.
-How many units need to be available for sale in February?

• A) 90,000
• B) 106,500
• C) 73,500
• D) 117,000

Comprehend the concept of consumer sovereignty and its effect on the production of goods and services.

Identify the factors influencing the selection of production techniques and the implications for economic efficiency.

Understand the principles and development of Scientific Management and its origins.

Recognize the contributions and concepts of the Human Relations Movement and its impact on organizational productivity.

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Definitions:

Vicious Circle

A complex chain of negative events that reinforce each other, often leading to a deteriorating situation.

Poverty

The state of being extremely poor, where individuals lack the financial resources to meet basic living needs such as food, clothing, and shelter.

Capital Accumulation

The growth in wealth or assets of an entity or nation through investment, savings, or reinvestment of profits.

Technological Advance

The process of developing new technologies or improving existing ones, leading to increased efficiency, new products, or capabilities.