Tangible Items

question 34

Multiple Choice

Tangible items

• A)include professional services.
• B)are sold in dental offices and insurance companies.
• C)can be seen and touched.
• D)none of these choices.

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Definitions:

Net Working Capital

The discrepancy between an organization's immediate assets and its short-term obligations, showing the accessible liquidity to manage its activities.

Just-in-Time Inventory (JIT)

A supply chain management strategy aimed at reducing inventory costs and waste by receiving goods as they are needed in the production process.

Minimize Inventory

A strategy aimed at reducing the amount of inventory to lower storage costs and reduce the risk of stock obsolescence.

Work-in-Process

Inventory items that are in the production process but are not yet completed products.