Review Test Submission_ Assignment 6 – TOM 301.E03_E04_..pdf

Review Test Submission_ Assignment 6 – TOM 301.E03_E04_..pdf

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Question 1 From accounting point of view, what are normally included under inventory? Choose all that apply. Selected Answers: work-in-process inventory Raw materials finsihed goods inventory parts supplies Answers: work-in-process inventory plant and equipment Raw materials account recievable cash and equivalent finsihed goods inventory parts supplies Question 2 From operational point of view, what are the inventory classifications? Choose all that apply. safety inventory seasonal inventory cycle inventory pipeline inventory decoupling/buffer inventory Answers: raw material inventory safety inventory seasonal inventory cycle inventory pipeline inventory material inventory decoupling/buffer inventory Question 3 To prepare for the coming Christmas holiday shopping season, retail company XYZ decided to stock up its inventory of product A. According to our classification of inventory from operational point of view, what is this inventory of product A? Selected Answer: seasonal inventory Answers: pipeline inventory 1 out of 1 points 1 out of 1 points 1 out of 1 points
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safety inventory decoupling/buffer inventory cycle inventory seasonal inventory
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