Which of the Following Items Should Not Be Included in the Inventory

question 127

Multiple Choice

Which of the following items should not be included in the inventory at year-end?

• A)Goods that are owned by a company
• B) Goods returned by a customer
• C)Goods out on consignment
• D)Goods held on consignment for sale on commission

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Definitions:

Labor Force

The aggregate sum of individuals working or in pursuit of work within a nation or area.

Discouraged Workers

Individuals not actively seeking employment because they believe no jobs are available for them.

Frictional Unemployment

A type of unemployment that occurs when individuals are temporarily unemployed while moving between jobs, entering the workforce for the first time, or re-entering the workforce.

Discouraged Workers

Individuals not actively seeking employment due to believing no jobs are available for them or they would not qualify for the jobs that are available.