Building Up Inventory in Anticipation of Unforeseen Global Supply Chain

question 51

Short Answer

Building up inventory in anticipation of unforeseen global supply chain interruptions is known as ________.

---

Definitions:

Current Liabilities

Financial obligations a company is expected to pay within one year, including accounts payable, short-term loans, and accrued expenses.

Asset Subsections

Categorizations within a company's assets on the balance sheet to provide detailed financial information.

Current Assets

Assets that are expected to be converted into cash, sold, or used up within one year or within the business's operating cycle, whichever is longer.

Revenue Accounts

Accounts in the general ledger that record the income generated from the sale of goods or services.