GENERAL KNOWLEDGE

Previous
Next

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The quantity of goods that a firm has on hand. A complete list of items such as property, goods in stock, or the contents of a building is the definition of ____
A
Management
B
Merger
C
Inventory
D
Entrepreneur
Explanation: 

Detailed explanation-1: -Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit.

Detailed explanation-2: -An inventory list is a comprehensive, itemized list that details every product your company has in stock, including raw materials, work-in-progress items, and finished goods. In general, an inventory list should include the product’s name, SKU number, description, pricing, and quantity.

Detailed explanation-3: -Inventory. Stock. Refers to the value of parts and raw material used for manufacturing, work in process goods, and the final product. Refers to the value of all items that are available and directly sold to customers. Helps you arrive at the sale price of the stock.

Detailed explanation-4: -: the quantity of goods or materials on hand : stock.

Detailed explanation-5: -There are four main types of inventory: raw materials/components, WIP, finished goods and MRO.

There is 1 question to complete.
Previous
Next