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:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Fixed-Interval Schedule

A schedule in which a fixed amount of time must elapse between the previous and subsequent times that reinforcement is available.

Variable-Interval Schedule

A schedule in which a variable amount of time must elapse between the previous and subsequent times that reinforcement is available.

Fixed Number

A concept often used in experiments or statistical analyses that refers to a constant quantity or value that does not change.