Products that have been completed and are ready to be sold by the manufacturer are called:
A. Finished goods inventory.
B. Raw materials inventory.
C. Work in process inventory.
D. Factory supplies.
E. Cost of goods sold.
Answer: A
You might also like to view...
Which of the following statements is true of the just-in-time operating environment?
A) Simplicity and quality are good, but inventories and nonvalue-adding activities are not. B) Inventories are necessary to support the production function. C) Just-in-time is based on push-through production concepts. D) Just-in-time is based on the scientific management principles established by F.W. Taylor.
The terms intercultural and international can be used interchangeably
Indicate whether the statement is true or false.
The three major parts of a T account are:
a. a title, a debit side, and a credit side. b. a title, the current date, and a balance. c. a debit side, a credit side, and a total column. d. a credit side, the current date, and a balance. e. a debit side, a title, and a balance.
Which term below is not one of the types of individual-level performance-based pay?
a. Merit pay b. Piece rate c. Bonus d. Benefit