Examlex
__________ refers to the visual pursuit of a particular characteristic by means of scanning the environment for the characteristic.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Inventory
Items held by a company for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.
Ending Inventory
The total value of all merchandise or products that remain unsold at the end of an accounting period.
Overstating
The act of reporting financial statements or values higher than they actually are, leading to a misrepresentation of a company's financial condition.
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