Inventory Is a Relatively Permanent Asset That Is Intended for Use

question 62

True/False

Inventory is a relatively permanent asset that is intended for use in the business rather than for sale.

---

Definitions:

Abhijit Banerjee

An Indian-American economist who, along with Esther Duflo and Michael Kremer, won the Nobel Prize in Economic Sciences in 2019 for their work in development economics.

Extremely Poor

Individuals or households whose income level is significantly below the poverty line, making it difficult to meet basic needs.

Opportunity Cost

The economic consequence of bypassing the immediate superior alternative in decision-making.

Labor Force

The total number of people employed or actively seeking employment within an economy.