What term is used to describe the amount and number of raw materials,parts,and finished products that a company has in its possession?
A)supplies
B)material resources
C)inventory
D)physical resources

Question

What term is used to describe the amount and number of raw materials,parts,and finished products that a company has in its possession?
A)supplies  
B)material resources  
C)inventory  
D)physical resources

Quizplus · Accepted Answer

Inventory is the term used to describe the amount and number of raw materials, parts, and finished products that a company has in its possession. Supplies usually refer to consumable items used in day-to-day operations, while material resources and physical resources are broader terms that encompass various types of assets including inventory.

What Term Is Used to Describe the Amount and Number