Which of the Following Statements Best Explains the Term Inventory

question 90

Multiple Choice

Which of the following statements best explains the term inventory?

• A) It is the amount and number of raw materials, parts, and finished products that a company has in its possession.
• B) It is the amount and number of products or services that a company dispatches to the market annually.
• C) It is the capability of a company to produce a set number of products per month.
• D) It is the capability of a company to buy raw materials or parts for production processes.