Which Circumstance Is NOT Consistent with Efficient Inventory Management

question 72

Multiple Choice

Which circumstance is NOT consistent with efficient inventory management?

• A)a high inventory turnover ratio
• B)a low incidence of production schedule disruptions
• C)a high total assets turnover
• D)a high payable turnover ratio

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Definitions:

Minimum Wage

The lowest legally enforced wage that employers can pay their employees, intended to ensure a minimum standard of living for workers.

Market Equilibrium

A state in a market where the quantity supplied equals the quantity demanded, resulting in no incentive for price changes.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Rent Control

Government laws or policies that limit the amount landlords can charge for leasing residential property to protect tenants from steep rent increases.