Days in Inventory Is Calculated by Dividing 365 Days by

question 168

Multiple Choice

Days in inventory is calculated by dividing 365 days by

• A)average inventory.
• B)beginning inventory.
• C)ending inventory.
• D)the inventory turnover.

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Definitions:

Group Technology

A product and component coding system that specifies the type of processing and the parameters of the processing; it allows similar products to be grouped.

Time-based Competition

A business strategy focusing on reducing the time required to deliver products and services to gain a competitive advantage.

Computer-aided Design (CAD)

The use of computer systems to aid in the creation, modification, analysis, or optimization of a design.

Manufacturing Equipment

Tools, machinery, and other durable equipment used in the process of transforming raw materials into finished products.