Ahmed Groups Jobs into Units and Establishes Patterns of Authority

question 73

Multiple Choice

Ahmed groups jobs into units and establishes patterns of authority. Ahmed is performing which function of management?

• A)Planning
• B)Organizing
• C)Controlling
• D)Supervising
• E)Leading

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing stock levels.

Number of Days' Sales

A financial metric that measures how quickly a company can convert its inventory into sales.

Inventory Costing

The method used to assign costs to inventory and cost of goods sold, including techniques such as First-In First-Out (FIFO), Last-In Last-Out (LIFO), and weighted average cost.

Estimated Rate

An approximation used to calculate various financial metrics, often used when the exact value is unknown.