The impact would be that the average size of the inventory will increase.
If the manager has decided to double the production batch size then the average size of the inventory will also increase.
<h3>What is an inventory? </h3>
- In general terms an inventory refers to all the goods, items, products, which are a part of the business organization.
- For different industries the inventories have different meanings.
- Manufacturing industry: the inventory is not only the finished or the final product but also the raw materials are included.
- Service industry: the inventory of the service industry includes the steps involved in the sales of the product.
- Raw materials, finished goods, work that is in process etc.. all of this is inventory.
- Inventory is an important asset for all businesses and it is important to understand the meaning of it.
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Answer:
b
Explanation:
A process is a collection of tasks,steps,or activities that are performed
Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.
A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.
A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.
Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.
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The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promoter, and the Calculating Investor.
Answer is A) Investor.
