Which of the Following Is Not an Inherent Risk Associated

question 100

Multiple Choice

Which of the following is not an inherent risk associated with inventory?

• A)Inventory accounts typically have a high volume of activity.
• B)Inventory is easily transportable.
• C)Inventory may become obsolete.
• D)Inventory costing methods frequently change from one year to the next.

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Definitions:

Subject Matter

The specific topic, content, or issue that is under discussion or consideration in a contract or legal document.

Express Contract

An agreement with clear, explicit terms that are communicated verbally or in writing between parties.

Implied Contract

A contract that arises not from words of agreement but from the conduct of the parties.

Executory Contract

An executory contract is a contract that has not yet been fully performed or completed by one or more parties.