In Finished Goods Inventory

question 133

Multiple Choice

In finished goods inventory:

• A)direct materials are in stock and awaiting use in the manufacturing process.
• B)goods are partially worked on but not yet fully completed.
• C)goods are fully completed but not yet sold.
• D)products are in their original form intended to be sold but the basic form is changed basic form.
• E)goods are partially completed and sold as is.

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Definitions:

SWOT Analysis

A tool for strategic planning that helps identify the Strengths, Weaknesses, Opportunities, and Threats associated with competing in business or planning a project.

Situation Analysis

A systematic collection and evaluation of past and present economical, political, social, and technological data, aimed at identifying internal and external forces that may influence the organization's performance.

Strategic Management Planning

The process of defining an organization's strategy, making decisions on allocating resources to pursue this strategy, and ensuring the alignment of company goals with strategic direction.

Environmental Scanning

Involves the process of collecting, analyzing, and using information about trends, events, and relationships in an organization's external environment to assist in planning.