Busch,IncIs a Successful Company,but Has a Lower Inventory Turnover Rate

question 42

Multiple Choice

Busch,Inc.is a successful company,but has a lower inventory turnover rate than the industry average.Of the following,the most likely explanation is that Busch:

• A)Has a just-in-time inventory system.
• B)Uses LIFO (assume rising purchase costs).
• C)Offers its customers an unusually large selection of merchandise.
• D)Sells unusually popular items.

---

Definitions:

Collective Bargaining

The process where workers, through their unions, negotiate with employers on terms of employment, including wages, working hours, working conditions, and benefits.

Collective Rights

Rights held by a group rather than by individuals, aiming to ensure the group's cultural and social interests are protected and maintained.

Landrum-Griffin Act

A U.S. law enacted in 1959 to regulate labor unions' internal affairs and their officials' relationships with employers.

U.S. Labor Law

A body of laws, regulations, and administrative rulings that address the legal rights of, and restrictions on, working people and their organizations in the United States.