T the 1957 IBT Convention in Miami, __________, Who Had

question 53

Multiple Choice

t the 1957 IBT convention in Miami, __________, who had been accused of dozens of improper activities by the McClellan Committee, was elected president.

• A) Benjamin Fein
• B) Jimmy Hoffa
• C) Bill Presser
• D) John L. Lewis

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Definitions:

Inventory

The total amount of goods and materials held by a company, intended for sale or production.

Payables

Short for accounts payable; money owed by a company to its suppliers or creditors for products and services received but not yet paid for.

Fixed Asset Turnover Rate

A financial ratio that measures how effectively a company is using its fixed assets to generate sales.

Total Asset

The sum of a company's current and non-current assets, representing the company’s total owned resources.