The following data were taken from the annual reports of Jong Inc., a manufacturer of fireworks, and Hobson Inc., a manufacturer of computers.
(a) Determine the (1) inventory turnover and (2) number of day's sales in inventory for Jong and Hobson. Round your answer to two decimal places.
(b) How would you expect these measures to compare between the companies? Why?
Definitions:
Individual Control
The extent to which a person feels they have autonomy or influence over their own behavior and decisions.
Task Maturity
Having the skill set necessary to complete a job, as well as the ability to set and meet realistic goals and the ability to take on responsibility for the task.
Seniority
The concept of giving priority to individuals based on their length of service or time spent in a position or organization.
Overloading
The situation wherein a system or individual is given more work or responsibility than they can manage.
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