Respond True or False to the following statements:

Imventory and services are

the goods and services you

buy and sell.

Inventory cannot include

items you purchase on a

regular basis for internal use

Inventory can also be items

you purchase to resell

The inventory and Services

module is an important tool

which can help you manage

your business costs and

analyze company

profitability.

Purchase Orders are used to

track goods or services you

have ordered but have not

received from a vendor.