Inventory That Is In-Transit Is

question 119

Multiple Choice

Inventory that is in-transit is?

• A) Cycle inventory
• B) Hedge inventory
• C) Safety stocks
• D) Transportation inventory

---

Definitions:

Creates

Refers to the act of bringing something into existence or producing something through a process.

Trust

A fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.

Implied Trust

A trust formed by the law from the conduct or circumstances of the parties involved, rather than by explicit written agreement.

Created

Brought into existence or formed out of nothing.