Which of the Following Is NOT a Kind of Inventory

question 19

Multiple Choice

Which of the following is NOT a kind of inventory a manufacturer would keep in stock?

• A) raw materials
• B) nonrenewable materials
• C) component parts
• D) finished goods
• E) work-in-process

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Definitions:

Net Marginal Revenue

The additional revenue gained from selling one more unit of a product, after accounting for the marginal cost of producing that unit.

Intermediate Input

Goods or services used in the production process of another good or service which is itself not a final product.

Marginal Profit

The additional profit gained from producing or selling one more unit of a good or service.

Vertically Integrated

A business strategy where a company controls multiple stages of production within the same industry.