Inventory turn values that are considered good differ by industry and the type of products being handled.Question 32Answera.FALSEb.TRUE

Which of the following is not affected by decisions about how much inventory to hold?

If a company assumes that its inventory costs flow out in the opposite order from which the goods were purchased, it uses to value its inventory. (Please respond using the acronym.)

If inventory records fail to accurately reflect the quantity of materials available, all except which of the following may occur?a.lower productivityb.continuous operationsc.poor material planningd.poor customer service

What implies that about 20% of the inventory items will account for about 80% of the inventory value?a.Friedman’s lawb.Pablo’s propositionc.Little’s lawd.Pareto’s law

In which of the following situations is the net realisable value of an item of inventory likely to be lower than cost?a.Demand for the item is increasing.b.The production cost of the item has been falling.c.The selling price of the item has been rising.d.The item is becoming obsolete.Clear my choice