Inventory Is Called a "Necessary Evil";it Is "Necessary" Because

question 18

Multiple Choice

Inventory is called a "necessary evil";it is "necessary" because

• A)it ties up funds that are not actively productive.
• B)supply and demand cannot be managed precisely with day-to-day operations.
• C)it reduces cash when it is sold.
• D)it deteriorates so therefore a certain percent is lost to spoilage and waste.

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Definitions:

American Agriculture

Farming practices and industry in the United States, characterized by advanced technology, large-scale operations, and significant global exports.

International Value

The worth of a product or service recognized across different countries, taking into account exchange rates and global demand.

Price Support

Government or regulatory interventions to maintain the price of a commodity at a certain level to protect producers from market fluctuations.

Gross Farm Incomes

The total revenue produced from farming activities before deducting any expenses.