What Is the Term Used for the Amount and Number

question 40

Multiple Choice

What is the term used for the amount and number of raw materials, parts, and finished products that a company has in its possession?

• A) supplies
• B) material resources
• C) distributed materials
• D) inventory
• E) physical resources

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Definitions:

Notification of Dishonor

A formal notice given to the parties involved in a negotiable instrument (like a check or promissory note) indicating that payment has failed or been refused.

Drawer Secondarily Liable

The obligation of the drawer of a negotiable instrument, such as a check, to pay if the primary party fails to do so.

Fraudulent Alteration

Altering a document without permission with the goal of misleading or committing fraud.

Promissory Note

A promissory note is a financial instrument in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.