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Find the term that best defines a periodic survey of all goods and materials in stock.

a) Inventory
b) Audit
c) Requisition
d) Forecasting

1 Answer

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Final answer:

Inventory is the term that defines a periodic survey of all goods and materials in stock, which includes items produced by a business but not yet sold.

Step-by-step explanation:

The term that best defines a periodic survey of all goods and materials in stock is inventory. An inventory count involves a comprehensive review and record of all the goods on hand at a particular time. This category includes all the products that a business has produced but has not yet sold, and which are stored in warehouses or on shelves. The level of inventories a business has can fluctuate, often decreasing when business is better than expected or increasing when sales are lower than anticipated.

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