Which of the Following Businesses Is Likely to Have the Highest

question 8

Multiple Choice

Which of the following businesses is likely to have the highest inventory turnover ratio?

• A) jeweller.
• B) music shop.
• C) fish and chip shop.
• D) car dealership.

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Definitions:

Initial Setup Costs

The expenses incurred during the setting up of a new business, project, or system before it is operational.

Economic Condition

The state of a country or region in terms of the production and consumption of goods and services and the supply of money.

Expected Value

The anticipated value for a given investment in the future, taking into account both the probability and the magnitude of all possible outcomes.

Wager Amount

The sum of money staked on the outcome of a bet or gamble.