Spring Market Has an Inventory Turnover Ratio of 15 Times

question 164

True/False

Spring Market has an inventory turnover ratio of 15 times.Fall Market has a turnover of 14 times.Fall is more effective in managing inventory.

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Definitions:

RFID

Radio-Frequency Identification (RFID) is a technology used to automatically identify and track tags attached to objects using electromagnetic fields. It is used for inventory management, tracking, access control, and a multitude of other applications.

Medium-Range Wireless Networks

Wireless networks designed to cover areas larger than short-range networks like Bluetooth but not as extensive as long-range networks, typically used in local area networks (LANs).

LAN

Denotes a network technology designed for connecting computers within a localized setting, such as an office or home, facilitating communication and resource sharing.

MAN

Metropolitan Area Network, a network that covers a larger geographical area than a LAN but smaller than a WAN, often used to connect multiple LANs within a city or metropolitan area.