Steinway, a company that produces concert quality grand pianos, has ivory in storage waiting to be made into piano keys. This ivory is classified as
A. finished-goods inventory.
B. materials requirements planning.
C. raw-materials inventory.
D. work-in-process inventory.
E. raw supplies.
Answer: C
You might also like to view...
Giving opinions and vague impressions allows the reader to form their own opinion about the validity of information provided
Indicate whether the statement is true or false.
The question "What is your opinion of the measures taken by the government to control inflation?" is an example of a ________ question
A) semantic differential B) word association C) completely unstructured D) story completion E) dichotomous
Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?
A. Expanded product line, increase in demand, new markets, new regulations. B. New entrants, substitute products, shrinking markets, costly regulatory, requirements. C. Core competencies, market leaders, cost advantages, excellent management. D. Lack of strategic direction, obsolete technologies, lack of managerial talent, outdated, product line.
In a common–size balance sheet, current assets should be stated as a percentage of:
a. total assets. b. current liabilities. c. cash. d. net income.