When Managing Inventories, a Good Strategy Is to Increase Inventory

question 45

Multiple Choice

When managing inventories, a good strategy is to increase inventory turnover by doing the following EXCEPT

• A) increase raw materials turnover.
• B) shorten the production cycle.
• C) produce low-cost short cycle goods.
• D) increase finished goods turnover.

Recognize leadership values and their impact on the leader-follower relationship.

Understand different personality types and their approaches to ethics.

Identify the ethical climates observed within organizations.

Understand the concept of character and its relation to leadership.

---

Definitions:

Fair Value

An estimate of the market value of an asset or liability based on current prices in active markets for similar assets or liabilities.

Lessee

A Lessee is a person or entity who leases an asset from another, the lessor, under a lease agreement.

Lessor

A lessor is the party that leases or rents a property or asset to another party, known as the lessee.

Capital Lease

A lease arrangement that is recorded as an asset on the lessee's balance sheet, essentially treated as a purchase of the leased asset for accounting purposes.