The Inventory Turnover Ratio Measurers the Number of Times Inventory

question 79

Multiple Choice

The inventory turnover ratio measurers the number of times inventory is

• A) purchased.
• B) returned.
• C) sold.
• D) written off.

---

Definitions:

Demand Increased

A situation where the desire to purchase goods and services at a given price level rises, leading to higher quantity demanded.

Wage Rate

The standardized amount of pay that a worker receives for performing a certain job or task, typically expressed per hour or unit of work.

Retail Market

The part of the economy that deals with the sale of goods or services directly to consumers, encompassing a wide range of businesses and stores.

OPEC Nations

Member countries of the Organization of the Petroleum Exporting Countries, a group that coordinates the petroleum policies of its members to secure fair and stable prices for petroleum producers.