Which of the Following Statements Best Explains the Term Inventory

Multiple Choice

Which of the following statements best explains the term inventory? 

A)  ​It is the amount and number of raw materials, parts, and finished products that a company has in its possession. 
B)  ​It is the amount and number of products or services that a company has dispatched to the market in the past one year. 
C)  ​It is the capability of a company to produce a set number of products per month. 
D)  ​It is the capability of a company to buy raw materials or parts for the production of finished products.