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.