Inventory
A)is any stored resource used to satisfy current or future need.
B)includes raw materials,work-in-process,and finished goods.
C)levels for finished goods are a direct function of demand.
D)needs from raw materials through finished goods can be reasonably determined,once finished goods demand is determined.
E)All of the above

Question

Quizplus · Accepted Answer

All of the above statements are true. Inventory can include raw materials, work-in-process, and finished goods. The level of finished goods inventory is directly related to demand, and the needs for raw materials through finished goods can be determined once demand for the finished goods is known. Inventory is any stored resource used to satisfy current or future needs.