The value chain consists of only those activities that increase the selling price of a product as it is distributed to a customer

The average days to sell inventory is computed by dividing

a. 365 days by the inventory turnover ratio. b. the inventory turnover ratio by 365 days. c. net sales by the inventory turnover ratio. d. 365 days by cost of goods sold.

According to the text, which of the following is NOT one of the three sources of sampling frame error that is present in the telephone book?

A) It does not contain unlisted numbers. B) It does not contain zip codes for the listed numbers. C) It does not contain the telephone numbers of the people who have moved into the area after the telephone book was published. D) It lists the inactive telephone number of people who have moved out of the area since the telephone book was published. E) C and D