Veterinary Practice Manager

Category - CVPM

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When considering calculating inventory turns for an entire veterinary hospital, which of the following statement is TRUE?

The higher the turnover number, the lower the ordering costs
The higher the turnover number for a given period of time, the more efficient the control.
A higher turnover number is financially inefficient
The higher the turnover number for a given period of time, the less efficient the control

Explanation

Answer: B- When considering calculating inventory turns for an entire veterinary hospital, the higher the turnover number for a given period of time, the more efficient the control.

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