A Par Stock

question 2

Multiple Choice

A par stock

• A) is a record of product received
• B) is the total on hand
• C) indicates who is responsible for ordering
• D) is the reorder procedure
• E) is the level to keep on hand

---

Definitions:

Life Estate

A property interest that lasts for the lifetime of a specific individual, after which it transfers to another designated party.

Deteriorate

Refers to the process of becoming progressively worse or the decline in quality or condition.

Duty To Warn

The legal obligation to inform others about potential dangers or risks associated with a product, property, or situation.

Reasonable Buyer

A hypothetical person in the marketplace considered to be adequately informed, cautious, and not under any pressure to make a purchase.