Which of the Following Actions Will Tend to Decrease the Inventory

question 105

Multiple Choice

Which of the following actions will tend to decrease the inventory period?
I. discontinuing all slow-selling merchandise
II. selling obsolete inventory below cost just to get rid of it
III. buying raw materials only as they are needed in the manufacturing process
IV. producing goods on demand versus for inventory

• A) I and III only
• B) II and IV only
• C) II, III and IV only
• D) I, II and III only
• E) I, II, III and IV

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Definitions:

Jeff Gordon's Rainbow Warriors

The nickname for the pit crew of former professional stock car racer Jeff Gordon, known for their efficiency and for wearing brightly colored uniforms in the 1990s.

Pit Crew

A team of specialized personnel in auto racing responsible for maintaining and servicing the race car during a competition, especially for quick repairs and tire changes.

Pit Stop

A break for maintenance and refueling during an auto race, or by extension, any stop made during a task to improve performance or make necessary changes.

SMART Goals

SMART goals are specific, measurable, achievable, relevant, and time-bound objectives that guide planning and achievement in a structured manner.