ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Work in progress inventory is the goods the customers are awaiting delivery of.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The four types of inventory are raw materials, work-in-progress (WIP), finished goods, and maintenance, repair, and overhaul (MRO) inventory.
Detailed explanation-2: -Inventories consist of raw material, work in process, stores, spares, and finished goods which are held by a business, either for sale or for the purpose of using them in the process of producing goods and services.
There is 1 question to complete.