A Company Has an Average Inventory on Hand of $40,000,000

question 115

Multiple Choice

A company has an average inventory on hand of $40,000,000 and the days in inventory is 73 days.What is the cost of goods sold?

• A)¥200,000,000
• B)¥2,920,000,000
• C)¥400,000,000
• D)¥1,460,000,000

Understand the concept of organizational cultural lag and its implications for innovation.

Recognize the importance of creativity and innovation in organizational success.

Understand the role of intrinsic and extrinsic motivation in creativity and innovation.

Identify strategies to increase innovation within an organization.

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Definitions:

Glacial Sediment

Material deposited by glaciers as they move and melt, ranging from fine silt to large boulders.

Lateral Moraine

Sediment carried in and deposited along the sides of a glacier.

Glacier

A large, slow-moving mass of ice, formed from compacted layers of snow, that flows over land.

Terminal Moraine

A mound or ridge of debris deposited at the end of a glacier, marking its furthest advance.