Question: CHAPTER 3 Practice Management 55 4. The Most Economical Amount Of A Particular Product To Order, Calculated By Factoring In Fixed Costs, Carrying Cost, And Purchase Price, Is Known As The: A. Restocking Cost B. Economic Order Quantity C. Rollover Quantity D. Cost-reversal Quotient 5. Dividing The Total Annual Purchases Of An Item By The Average Value …
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CHAPTER 3 Practice Management 55 4. The most economical amount of a particular product to order, calculated by factoring in fixed costs, carrying cost, and purchase price, is known as the: a. restocking cost b. economic order quantity c. rollover quantity d. cost-reversal quotient 5. Dividing the total annual purchases of an item by the average value of that item on hand yields that item’s: a. rolling average inventory value b. inventory turnover c. return on investment d. profit ratio RECOMMENDED READING Ackerman L. Stowe JD: Blackwell’s five minute veterinary practice mart- agement consult. Section 6.11. Ames, IA, 2007. Blackwell Heinke MM: Practice made perfect: a guide to veterinary practice man agement, Lakewood, CO, 2001. AAHA Press. Opperman M: The art of veterinary practice management. Lenexa, KS. 1999. Veterinary Medicine Publishing Group, Prendergast H: Front office management for the veterinary mean, ed 2. St Louis, 2011. Elsevier.
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