Cut Out but Not-Yet-Sewn Jeans Are Part of the ________

question 310

Multiple Choice

Cut out but not-yet-sewn jeans are part of the ________ inventory at a clothing manufacturer.

• A) raw materials
• B) work-in-process
• C) finished goods
• D) just-in-time
• E) last in, first out

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Definitions:

Employees

Individuals who work for another person or organization in return for compensation.

Expressed Agency

An agency created in a written or oral agreement. Also called agency by agreement.

Principal

The main party to a transaction, such as a buyer or seller in a contract, or an individual who empowers another (agent) to act on their behalf.

Contract Authority

A power granted to an individual or entity to enter into legally binding agreements on behalf of another person or entity.