Which of the Following Is True About Inventory Management for the Small

question 105

Multiple Choice

Which of the following is true about inventory management for the small business owner?

• A)Most small business owners have turned to technology and computer spreadsheets to achieve maximum efficiency in managing it.
• B)Inventory is the largest capital investment for most businesses, but few owners use any formal means for managing it.
• C)Inventory is generally highly liquid and can be easily mortgaged to a bank for immediate cash, if needed.
• D)Inventory yields a return of about 25 percent for manufacturing firms but nothing for service companies.

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Definitions:

Undue Hardship

A significant difficulty or expense imposed on an employer by accommodating an employee under laws like the ADA.

Restraints on Competition

Measures or agreements that limit competition between businesses, often scrutinized under antitrust laws.

Free Competition

The condition in a market where businesses and individuals can operate and compete with minimal governmental interference or regulation.

Public Interest

The welfare or well-being of the general public, often considered in the formulation of laws and governmental policies.