managing the resources
evaluating the performance
planning the production
all the above
Answer is Right!
Answer is Wrong!
The correct answer is: D. all of the above.
Turnover ratios are financial metrics that measure how efficiently a company uses its assets. They can be used to compare a company’s performance over time, or to compare it to the performance of other companies in the same industry.
Turnover ratios can help management in a number of ways. They can be used to:
- Manage resources. Turnover ratios can help management to identify areas where resources are being used inefficiently. This information can then be used to make changes to improve efficiency.
- Evaluate performance. Turnover ratios can be used to evaluate the performance of a company over time. This information can be used to identify areas where performance is improving or declining.
- Plan production. Turnover ratios can be used to plan production levels. By understanding how efficiently a company uses its assets, management can make more informed decisions about how much to produce.
In conclusion, turnover ratios are a valuable tool that can be used by management to improve the efficiency of a company. They can be used to manage resources, evaluate performance, and plan production.