Raw Materials Inventory Is NOT an Asset Until It Is

question 12

True/False

Raw materials inventory is NOT an asset until it is used to make a product.

---

Definitions:

Physical Contact

The situation or condition where two or more objects are touching each other or connected in a way that allows for the transfer of electricity, heat, or mechanical forces.

Capacitance

Capacitance is the ability of a system or component to store an electrical charge, measured in Farads, which is a key parameter in designing and understanding electrical and electronic circuits.

Motor Starter Coil

An electromechanical component in a motor starter that creates the magnetic field needed to operate the starter contacts.