Which Measure(s) Is(are) Useful in Evaluating the Efficiency in Managing

question 176

Multiple Choice

Which measure(s) is(are) useful in evaluating the efficiency in managing inventories?
1. Inventory turnover
2. Days in inventory

• A) 1 only.
• B) 2 only.
• C) Both 1 and 2 .
• D) Neither 1 nor 2 .

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Definitions:

Conflict-Of-Law

A legal discipline that addresses discrepancies and disputes involving the application of laws from different jurisdictions or countries.

International Law

A body of rules and principles that governs the relations and conduct of nations and international organizations.

Magnuson-Moss Act

A federal law enacted in 1975 that governs warranties on consumer products to protect consumers from deceptive warranty practices.

Written Warranty

A legal, written guarantee provided by the seller or manufacturer regarding the condition of a product and the provision of repair or replacement.