Inventory consists of the stocks of finished items,works-in-process,parts,materials,or other resources held by an organization.

Question

Quizplus · Accepted Answer

This statement is true. Inventory refers to the assets held by an organization that are intended for sale or for use in production or service delivery. It can include finished products, as well as raw materials, work-in-progress, and other resources. Proper inventory management is important for efficient operations and customer satisfaction.

Inventory Consists of the Stocks of Finished Items,works-In-Process,parts,materials,or Other Resources