Which of the Following Is True of Finished Goods Inventory

question 8

Multiple Choice

Which of the following is true of finished goods inventory?

• A)Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold.
• B)Finished Goods Inventory is an account used by a merchandiser and includes completed goods that have not yet been sold.
• C)Finished Goods Inventory is an account used by service companies in lieu of raw materials inventory.
• D)Finished Goods Inventory is an account used by a manufacturer in lieu of raw materials inventory.

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Definitions:

George Kingsley Zipf

was an American linguist and philologist who is best known for Zipf's law, which suggests that in any given language, the frequency of any word is inversely proportional to its rank in the frequency table.

Linguist

A specialist in the study of language and its structure, including the study of grammar, syntax, phonetics, and semantics.

Brand Loyal

The tendency of consumers to consistently purchase products or services from the same brand over time, often due to satisfaction, perceived value, or emotional connection.

Inertia

A state of inactivity or resistance to change in consumer behavior, often due to habit or perceived effort.