Which of the Following Actions Will Tend to Decrease the Inventory

question 37

Multiple Choice

Which of the following actions will tend to decrease the inventory period? I.Discontinuing all slow-selling merchandise.
II) Selling obsolete inventory below cost just to get rid of it.
III) Buying raw materials only as they are needed in the manufacturing process.
IV) Producing goods on demand versus for inventory.

• A)I and III only.
• B)II and IV only.
• C)II, III and IV only.
• D)I, II and III only.
• E)I, II, III and IV.

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Definitions:

Criminal Law

The body of law that relates to crime. It proscribes conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Encouraging Taxation

A concept aimed at promoting efficient and effective tax policies that support economic growth and fair wealth distribution.

Social Justice

The concept aiming for equal access to wealth, opportunities, and privileges within a society.

Personal Freedoms

The rights and liberties that protect the individual from excessive government control and allow for freedoms of speech, religion, and expression among others.