Which of the Following Might Be an Indication That a Company

question 35

Multiple Choice

Which of the following might be an indication that a company has more obsolete ("out of date") products than it did in the previous year?

• A) The number of days of inventory on hand is decreasing.
• B) The inventory turnover ratio is increasing.
• C) The inventory turnover ratio is decreasing.
• D) None of the above

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Definitions:

Revenue Tariff

A type of tariff that is primarily levied by a government with the objective of generating income rather than protecting domestic industries.

Competitive Disadvantage

A condition where a company or country is not able to compete effectively with others due to inferior resources, skills, or capabilities.

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition.

Excise Tax

A specific tax imposed on certain goods, products, or activities, usually to discourage consumption or to raise revenue.