List the three kinds of inventory accounts that are used by manufacturing companies. Briefly discuss what each account includes.
What will be an ideal response?
Raw Materials Inventory includes materials used to make a product.
Work-in-Process Inventory includes goods that are in the manufacturing process but are not yet
complete.
Finished Goods Inventory includes completed goods that have not yet been sold.
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An automated storage and retrieval system (AS/RS) is a computer-controlled machine that stores and retrieves parts and tools
Indicate whether the statement is true or false
Which of the following best represents the strategic planning time frame that Jeff Bezos of Amazon prefers?
A. Six months or less B. One to two years C. Three to five years D. Five to seven years E. Ten to twenty years
A company must make every effort to comply with legal requirements including labor law, tax regulations, environmental law, and criminal law. This statement reflects which level of corporate social responsibility?
A. economic B. legal C. ethical D. discretionary
________ economies are major exporters of manufactured goods, services, and investment funds
A) Industrializing B) Industrial C) Subsistence D) Raw material exporting E) Emerging