Which of the Following Types of Companies Would You Expect

question 70

Multiple Choice

Which of the following types of companies would you expect to have the highest inventory turnover ratio?

• A) A law firm
• B) A construction company
• C) A fine jewelry retailer
• D) A grocery store

---

Definitions:

Equitable

Fair and impartial treatment or distribution, often in the context of socio-economic policies.

Excess Supply

When the quantity supplied of a good exceeds the quantity demanded.

Excess Demand

When the quantity demanded of a good exceeds the quantity supplied.

Utilities Possibilities Frontier

A graphical representation that shows the maximum amount of two different utilities that can be achieved with a given set of resources.