Question

the raw materials, work-in-process goods and completed (ready-to-sell) goods that are considered to be part of a business’ assets

work in progress goods
inventory
distribution
raw material

Answer 1

The correct term that encompasses raw materials, work-in-process goods, and completed goods that are part of a business's assets is **inventory**.

Here's a brief description of each term for clarity:

- **Raw Materials**: The basic materials that are used to produce goods.
- **Work-in-Process Goods**: Items that are in the production process but are not yet completed.
- **Completed Goods**: Finished products that are ready to be sold to customers.
- **Inventory**: The total stock of raw materials, work-in-process goods, and completed goods that a business has at any given time.

So, in your case, the answer is **inventory**.