10:00 docs.google.com high fixed costs, low variable costs Raw material inventories are low relative to the value of the product 1 point FedEx decided to go with Memphis, Tennessee, for its central location, or "hub." primarily because of the incentives offered by the city of Memphis and the state of Tennessee. True False The Art of Cycle Counting 1 point is a process by which inventory records are verified once a year. provides a measure of inventory accuracy. provides a measure of inventory turnover. assumes that all inventory records must be verified with the same frequency ssumes that the most frequently used items must be counted more frequently. Which of the following is nota key 1 point