Which of the Following Is NOT a Benefit of a High

question 82

Multiple Choice

Which of the following is NOT a benefit of a high inventory turnover?

• A) Continuous availability of new merchandise
• B) Improved salesperson morale
• C) Reduced obsolescence risk and markdowns
• D) New buying opportunities
• E) Reduced gross margin

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Definitions:

UPA

Uniform Partnership Act, which is legislation adopted by several states to provide a standard for the governance of business partnerships, including the rights and duties of partners.

Economic Interest

A financial stake or involvement in an enterprise or transaction that has the potential to affect an individual's or entity's wealth.

Surplus

Funds that remain after a partnership has been dissolved and all other debts and prior obligations have been settled.

Vested Property Right

A right concerning property ownership that is fully guaranteed and cannot be taken away without due process.