The Inventory Turnover Measures

question 87

Multiple Choice

The inventory turnover measures

• A)How many days,on average,it takes between when an order is placed until the inventory is shipped.
• B)How many times,on average,a company's inventory is sold during the year.
• C)How many times,on average,the company takes to replace inventory during the year.
• D)How many days,on average,it takes between when inventory is received to its sale to customers.

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Definitions:

Forced Distribution Method

A performance appraisal system that ranks employees into predefined categories, often forcing a percentage into low-performance levels.

Self-evaluation

A process in which an individual assesses their own performance, skills, and qualities, often in a professional context, to identify strengths, weaknesses, and areas for improvement.

Performance Review

A formal assessment where an employee's job performance is evaluated, typically on a regular basis, against certain pre-established criteria.