In the 1930s Kluyver and Van Niel Proposed a Classification

question 8

Multiple Choice

In the 1930s Kluyver and van Niel proposed a classification scheme based on

• A) Gram reactions.
• B) biochemical relationships.
• C) DNA sequences.
• D) presumed evolutionary relationships.
• E) cell wall.

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Definitions:

Gross Working Capital

The total of all current assets in a company, which includes items such as cash, inventory, and accounts receivable.

Current Assets

Assets expected to become cash in less than one year. Current assets are largely cash, receivables, and inventories.

Current Liabilities

Financial obligations a company is due to pay within one year or within its operating cycle if longer than a year.

EOQ Model

Economic Order Quantity Model; a formula used to determine the optimal order quantity that minimizes total inventory costs.