The Quantities of All Products or Materials in Stock Are

question 11

Multiple Choice

The quantities of all products or materials in stock are known as ___________.

• A) Finished goods
• B) Raw materials
• C) Inventory
• D) Components
• E) Buffer

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Definitions:

Manufacturing Corporation

A manufacturing corporation is a company engaged in the industrial production of goods and products.

Produced Units

The total number of units manufactured during a specific period.

Raw Materials

Raw materials are the basic, unprocessed physical materials required for manufacturing products.

Finished Goods Inventory

The stock of completed products ready for sale but not yet sold, representing one of the final stages in the production process.