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The Fed's objectives have remained the same since its inception.
Inventory
The raw materials, work-in-process products, and finished goods considered to be the portion of a business's assets that are ready or will be ready for sale.
Current Asset
Assets expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.
FOB Shipping Point
FOB Shipping Point is a delivery term that means the buyer takes ownership and responsibility for the goods once they leave the seller's premises.
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