Inventory turnover is an operations efficiency measure

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Reference no: EM131711929

1. Inventory turnover is an operations efficiency measure and which of the following is the most appropriate answer.

A. measures efficiency in turning inventory into sales

B. purpose is to measure liquidity

C. A or B but not both

D. A and B

E. Neither A nor B

2. In studying product-process matrix describing layout strategies, which of the following is most appropriate?

A. As you move from project to manufacturing cell to continuous process, product volume increases while standardization increases.

B. As you move from project to manufacturing cell to continuous process, product volume decreases while standardization decreases.

C. As you move from project to manufacturing cell to continuous process, product volume increases while standardization decreases.

D. As you move from project to manufacturing cell to continuous process, product volume decreases while standardization increases.

E. A and B are true

Reference no: EM131711929

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