Materials that are acquired to be used within the organization are referred to as
A)Stock materials
B)Transfer materials
C)Vendor materials
D)Consumable materials
E)None of the above

Question

Quizplus · Accepted Answer

Consumable materials are materials that are acquired to be used within the organization and are consumed during the production or service process. They are not intended for long-term use or resale. Stock materials are materials that are held in inventory for future use, transfer materials are materials that are moved from one location to another within the organization, and vendor materials are materials that are acquired from external suppliers.

Materials That Are Acquired to Be Used Within the Organization