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WGU C720 Objective Assessment and Math
Review Study Guide 100% Verified.
Type of Inventory
These part and materials are obtained from suppliers and are used in the production process. -
Answer✔Raw Materials
Type of Inventory
These are partly finished parts, components, subassemblies, or modules - Answer✔Work-in-
process (WIP)
Type of Inventory
Items are ready to ship to the customer. No more work required - Answer✔Finished Goods
Type of Inventory
These are maintained to replace other parts in machinery or equipment as those parts wear out. -
Answer✔Replacement parts inventory
Type of Inventory
Parts or materials are used to support the production process but not usually a component of the
product. These items such as lubricant and cutting tools, are consumed in the production process.
- Answer✔Supplies
Type of Inventory
The portion of the inventory that is in the process of being shipped through the distribution
system. - Answer✔Transportation (pipeline)
Type of Demand
Which occurs in response to planned events such as advertising, publicity or promotion. The
release of a popular game franchise's latest version often causes demand for a few days or weeks.
- Answer✔Peak Demand
Type of Demand
1|Page
WGU C720 Objective Assessment and Math
Review Study Guide 100% Verified.
Type of Inventory
These part and materials are obtained from suppliers and are used in the production process. -
Answer✔Raw Materials
Type of Inventory
These are partly finished parts, components, subassemblies, or modules - Answer✔Work-in-
process (WIP)
Type of Inventory
Items are ready to ship to the customer. No more work required - Answer✔Finished Goods
Type of Inventory
These are maintained to replace other parts in machinery or equipment as those parts wear out. -
Answer✔Replacement parts inventory
Type of Inventory
Parts or materials are used to support the production process but not usually a component of the
product. These items such as lubricant and cutting tools, are consumed in the production process.
- Answer✔Supplies
Type of Inventory
The portion of the inventory that is in the process of being shipped through the distribution
system. - Answer✔Transportation (pipeline)
Type of Demand
Which occurs in response to planned events such as advertising, publicity or promotion. The
release of a popular game franchise's latest version often causes demand for a few days or weeks.
- Answer✔Peak Demand
Type of Demand
1|Page
