Which of the Following Should Not Be Classified as Inventory

question 49

Multiple Choice

Which of the following should not be classified as inventory in the balance sheet of a large automobile dealership?

• A)Pickup trucks offered for sale.
• B)Used cars taken in trade and offered for sale on the company's used-car lot.
• C)Spark plugs,oil filters,and other parts which are intended for use by the service department in repairing and servicing customers' cars.
• D)"Company cars" provided to specific company executives for their personal use.

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Definitions:

Bruner's Model

A theory of cognitive development proposed by Jerome Bruner, emphasizing the importance of categorization and the concept of discovery learning.

Perceptual Process

The sequence of steps that includes the reception, organization, interpretation, and response to sensory information.

Characteristics

Distinctive traits, qualities, or properties that identify and differentiate an individual, object, or concept.

Social Groups

Clusters of individuals who interact with each other and share similar characteristics or a sense of unity.