Marking Down Inventory Items That Don't Sell Will Result In

question 63

Multiple Choice

Marking down inventory items that don't sell will result in:

• A)keeping the inventory lean.
• B)reduction in inventory turn over ratio.
• C)paying expenses on time.
• D)All of the above

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Definitions:

Business Organization

The structure and form that a business takes to conduct operations, ranging from sole proprietorships to corporations.

Privately Held Corporation

A company whose ownership is private, meaning its stock is not traded on public stock exchanges and is held by a limited group of shareholders.

New York Stock Exchange

A marketplace where securities, including stocks and bonds, are bought and sold.

Closely Held

A business owned by a limited number of shareholders with no public market for its shares.