1- Inventory turnover is the number of times the average inventory is sold per year.TrueFalse

2- Examples of service departments in a hospital include the housekeeping and laundry departments.TrueFalse

3- A manager using information to decide whether to add or drop a product is an example of problem solving.TrueFalse

4- Performance−based rewards can be monetary or nonmonetary.TrueFalse

5- Determining the opportunity cost of a project depends on the alternatives available.TrueFalse