Which of the following entities would most likely have raw materials, work in process, and finished goods?
A) A petroleum refiner.
B) A national department store.
C) A fast food restaurant.
D) A regional airline.
E) A state university.

Question

Quizplus · Accepted Answer

A petroleum refiner would have raw materials (crude oil), work in process (partially refined products), and finished goods (gasoline, diesel, etc.), fitting the description of an entity with these inventory categories.

Which of the Following Entities Would Most Likely Have Raw