Which of the Following Is NOT an Example of an Inventory

question 21

Multiple Choice

Which of the following is NOT an example of an inventory account a manufacturing firm might use?

• A) Work in process inventory.
• B) Finished goods inventory.
• C) Merchandise inventory.
• D)Raw materials inventory.

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Definitions:

ERP Systems

Enterprise Resource Planning systems integrate various functions across an organization into a unified database to streamline processes and information across the organization.

TPSs

Transaction Processing Systems, computerized systems that perform and record the daily routine transactions necessary to the operation of a business.

TPSs

Computerized systems crucial for conducting and recording business transactions efficiently, specifically designed to handle user transactions and operations in real-time to ensure data integrity and processing reliability.

ERP Systems

Enterprise Resource Planning Systems integrate various functions like finance, HR, manufacturing, and supply chain into a unified system to streamline processes and information across the organization.