A Firm Is Conducting an Analysis of Trends Over Time

question 85

Multiple Choice

A firm is conducting an analysis of trends over time and discovers that its inventory turnover has declined. This may be due to

• A) an increase in sales.
• B) an increase in cost of goods sold.
• C) an increase in inventory purchases.
• D) a decrease in inventory purchases.

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Definitions:

Acoustic Encoding

The process of remembering and understanding something you hear.

Rehearsal

The cognitive process of repeatedly practicing or going over information to aid in memory retention.

Sensory Memory

A type of memory that holds sensory information for a few seconds or less after an item is perceived.

Procedural Memory

A type of long-term memory that enables individuals to perform tasks without conscious awareness, such as riding a bike or typing on a keyboard.