Materials on hand for production or sale by a business.Select the correct termStockBondMutualAccounts Receivable
Question
Materials on hand for production or sale by a business. Select the correct term
- Stock
- Bond
- Mutual
- Accounts Receivable
Solution
The correct term for materials on hand for production or sale by a business is Stock.
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Stock refers to the goods and materials that a business holds for the purpose of resale, production, or sale.
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Bond is a fixed income instrument that represents a loan made by an investor to a borrower.
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Mutual typically relates to mutual funds, which are investment programs funded by shareholders that trade in diversified holdings and are professionally managed.
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Accounts Receivable refers to the money owed to a business by its customers for goods or services delivered but not yet paid for.
Thus, the best option is Stock.
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