Resource Management Deals Primarily with Managing Inventories in a Value

question 26

True/False

Resource management deals primarily with managing inventories in a value chain.

---

Definitions:

Accounts Payable

The amount of money owed by a company to its suppliers or creditors for goods and services purchased on credit.

Quick Ratio

A liquidity indicator that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventories.

Accounts Receivable

Accounts Receivable refers to the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Short-term liabilities of a company for goods and services received from others but not yet paid for.