Inventory Control Performs All of the Following Tasks Except It

question 79

Multiple Choice

Inventory control performs all of the following tasks except it

• A)provides production planning and control with the inventory status report of finished goods
• B)updates the raw material inventory records
• C)prepares a materials requisition for each production batch
• D)records the completed production as an increase to finished goods inventory

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Definitions:

Real Property

Immovable property such as land, buildings, and other structures that are permanently attached to the land.

Chose in Action

A personal right not attached to any physical property, recoverable by a lawsuit, such as debts, copyrights, or patents.

Chattels

Personal property that is tangible and movable.

Intellectual Property

Personal property in the form of ideas and creative work.