NextQ66

Given below is the 'Cash Conversion Cycle'. (The diagram shows a cycle: Cash → Stock of goods → Sales → Debtors → Cash.) (i) Identify the type of business to which the above cash conversion cycle belongs. (ii) Draw a 'cash conversion cycle' for another type of business other than that identified in (i) above. Give the meaning of ABC analysis technique of inventory control.

Inventory Control and EOQStudy Simplify SpecialPYQ1MCQ
Question 65

'Techworks' is a company selling electronic products. To keep track of inventory and manage sales efficiency each and every item in the inventory is assigned a unique code which signifies certain aspects of the item. Its unique code is a combination of alpha and numeric and is used not only for data collection, but also for further manipulation for deriving meaningful statistics and decision-making. However, over time, due to advancement in technology, certain items may not be used and their demand drops off. 'Techworks' faces a challenge of dealing with these products, particularly with technology evolving quickly. Some of the items that make up the inventory of 'Techworks' as discussed above are ____________ and ____________.

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