The Space and Rocket Center Takes an Average of 55

question 117

Multiple Choice

The Space and Rocket Center takes an average of 55 days to sell its inventory and an average of 2.5 days to collect payment on its sales.What is the inventory turnover rate?

• A)6.64
• B)7.29
• C)8.68
• D)10.18
• E)22.00

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Definitions:

Focused

Having clear concentration and attention on a specific task, goal, or activity, leading to increased efficiency and productivity.

Division Of Labor

The breaking down of work into a number of separate tasks to be performed by different workers, increasing efficiency and productivity.

Hierarchy Of Authority

A system of organization where entities are ranked according to levels of power and control, from highest to lowest.

Mechanistic And Organic

Describes two contrasting organizational structures; mechanistic being highly structured and hierarchical, organic being more flexible and adaptable.