Inventory Turnover Indicates How

question 49

Multiple Choice

Inventory turnover indicates how:

• A)quickly inventory is received from the supplier after the order is placed.
• B)many days it takes the inventory to travel between the seller's warehouse and the buyer's warehouse.
• C)rapidly inventory is sold.
• D)many days it takes from the time an order is received to the day it is shipped.

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Definitions:

Relevant

Pertains to the matter at hand, having significant and demonstrable bearing on the facts or issues.

Probability

A measure of the likelihood or chance that a particular event will occur, often expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Deposition

A sworn, out-of-court testimony of a witness that is used for gathering information and evidence in legal proceedings.

Oath

A solemn promise, often invoking a divine witness, regarding one's future action or behavior.