"a) A raw material item used in an operation. " b) An item stored for later use in an operation. "c) An item in transit for later use in an operation. "d) Any of the above. Question 2 Products which are completed awaiting despatch to a customer are called inventory. Ca) Pipeline b) Cycle " c) Finished Goods "d) Work in Process Question 3 Partially processed or finished goods which are sent between factories over large distances is called inventory. Ca) Pipeline " b) Cycle "c) Finished Goods " d) Work in Process Question 4 Batch production such as baked goods produces inventory. " a) Pipeline C b) Cycle "c) Finished Goods " d) Work in Process Question 5 Semi-finished s also known as inventory