A Firm with a Stockturn Rate of 5 Sells Products

question 14

Multiple Choice

A firm with a stockturn rate of 5 sells products that cost it $100,000. Its annual inventory carrying cost is about 20 percent of the inventory value. What is its annual inventory carrying cost?

• A) $5,000
• B) $4,000
• C) $8,000
• D) $20,000
• E) $100,000

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Definitions:

Resocialization Theory

Refers to the process by which one's sense of social values, beliefs, and norms are re-engineered. This process is often done through an intense social process that may involve significant changes in social environment.

Functional

Relating to the purpose or role that something is designed or expected to fulfill.

Deviance

Behaviors or actions that deviate from societal norms or expectations, which can be formal (laws) or informal (customs).

Émile Durkheim

A foundational French sociologist known for his extensive work on social solidarity, the division of labor, and the role of religion in society, among other contributions.