Asked by James Copper on May 02, 2024
Verified
Inventory represents money sitting idly on a shelf.
Inventory
Goods a business owns for the completion of future sales. Also, the act of counting the goods held in stock.
- Recognize the financial implications of inventory management and its strategies.
Verified Answer
DN
Dylan NguyenMay 03, 2024
Final Answer :
True
Explanation :
Inventory represents goods that have been purchased or produced but not yet sold, tying up capital that could otherwise be used for other purposes.
Learning Objectives
- Recognize the financial implications of inventory management and its strategies.
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