If Inventory Turnover Changes from 4 Times a Year to 5

question 61

Multiple Choice

If inventory turnover changes from 4 times a year to 5 times a year,this means:

• A) on average, it is taking longer to sell inventory.
• B) on average, inventory is being sold faster.
• C) inventory turnover is too slow.
• D) inventory turnover is faster than the industry average.

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Definitions:

IQ Tests

Standardized assessments designed to measure human intelligence and cognitive abilities in relation to an age group.

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The capacity to think abstractly, reason, understand complex ideas, learn quickly, and solve problems, often assessed through IQ tests.

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The extent to which a measuring instrument yields consistent and reliable outcomes across different periods.