The Technique Called Input-Output Analysis Was Invented by

question 216

Multiple Choice

The technique called input-output analysis was invented by

• A)Adam Smith.
• B)Milton Friedman.
• C)Wassily Leontief.
• D)Mountifort Longfield.

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Definitions:

Beginning Inventory

The value of a company's inventory at the start of an accounting period, carried over from the end of the previous period.

Days In Inventory Ratio

A financial metric indicating the average number of days a company holds inventory before selling it, calculated as inventory divided by cost of goods sold, then multiplied by 365 days.

Average Inventory

An accounting measure used to estimate the value of inventory over a certain period by averaging the beginning and ending inventory levels.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.