7. Inventory Turnover can be calculated by: a. b. Ratio of average inventory cost over cost...

   

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7. Inventory Turnover can be calculated by: a. b. Ratio of average inventory cost over cost of goods sold Ratio of cost of goods sold over average inventory cost C. Ratio of inventory days in stock over average inventory cost d. Ratio of average inventory cost over inventory days in stock 8. If a distribution company that focused on warehousing and distribution of grocery items decided to purchase a chain of grocery stores, the distribution company would be exemplifying: a. Backward vertical integration b. Forward vertical integration C. Backward horizontal integration d. Forward horizontal integration 9. Which of the following is a reason that single sourcing is considered risky/bad? a. The buyer's required ordering quantities are very low b. Larger orders make quantity discounts more likely C. The limited (finite) capacity of one supplier d. Decreases the item to item quality variability of items purchased 10. If a firm's cost of goods sold is $2.5 million and its average inventory is $500,000, what is the nventory turnover. 7. Inventory Turnover can be calculated by: a. b. Ratio of average inventory cost over cost of goods sold Ratio of cost of goods sold over average inventory cost C. Ratio of inventory days in stock over average inventory cost d. Ratio of average inventory cost over inventory days in stock 8. If a distribution company that focused on warehousing and distribution of grocery items decided to purchase a chain of grocery stores, the distribution company would be exemplifying: a. Backward vertical integration b. Forward vertical integration C. Backward horizontal integration d. Forward horizontal integration 9. Which of the following is a reason that single sourcing is considered risky/bad? a. The buyer's required ordering quantities are very low b. Larger orders make quantity discounts more likely C. The limited (finite) capacity of one supplier d. Decreases the item to item quality variability of items purchased 10. If a firm's cost of goods sold is $2.5 million and its average inventory is $500,000, what is the nventory turnover.

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