Which of the Following Statements Best Explains the Term Inventory

question 39

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 has dispatched to the market in the past one year. 
• 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 the production of finished products.

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Definitions:

Pervasive

Having the tendency to spread widely throughout an area or group of people.

Latency Period

A phase in psychosexual development, occurring from about age 6 to puberty, characterized by a decrease in sexual interests and activities.

Psychosexual Stages

Psychosexual Stages is a Freudian theory describing how personality development occurs in five stages (oral, anal, phallic, latency, and genital) associated with erogenous zones.

Phallic Stage

In Freudian psychoanalytic theory, the third stage of psychosexual development (ages 3-6) where the libido's focus is on the genital area, and the child develops sexual identification with the same-sex parent.