____ refers to how quickly raw material and work-in-process inventory transform into finished goods that the customer accepts.
A) Volume
B) Velocity
C) Value
D) Mass
E) None of these choices.

Question

Quizplus · Accepted Answer

Velocity refers to how quickly raw material and work-in-process inventory transform into finished goods that the customer accepts. It is a measure of the speed at which a company can produce and deliver its products or services.

____ Refers to How Quickly Raw Material and Work-In-Process Inventory