ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are categorized as an inventory item?
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Bread
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Wrap Paper
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Plastic Knives
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Cups
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Explanation:
Detailed explanation-1: -There are three general categories of inventory, including raw materials (any supplies that are used to produce finished goods), work-in-progress (WIP), and finished goods or those that are ready for sale.
Detailed explanation-2: -Quantity on Hand – the available stock on hand or in all warehouses. Available Stock – quantity on hand minus on sales orders. On Sales Order – the total of the items on sales orders.
There is 1 question to complete.