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

Question

Quizplus · Accepted Answer

Inventory refers to the amount and number of raw materials, parts, and finished products that a company has in its possession. Option A (supplies) generally refers to smaller consumables like office supplies, Option B (material resources) and Option E (physical resources) are both broader terms that encompass a range of assets beyond just inventory, and Option C (distributed materials) is an unclear term that doesn't convey the same meaning as inventory.

What Is the Term Used for the Amount and Number