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You are consulting for a firm that anticipates that it will sell 730000 units this year The firm’s policy is to begin to process a new order when the inventory level is just 10000 units

You are consulting for a firm that anticipates that it will sell 730,000 units this year. The firm’s policy is to begin to process a new order when the inventory level is just 10,000 units. What does that imply about the amount of time it take to process and receive an order?

a.10 days

b.5 days

c.2 days

d.more information is need to answer the question

 

 

 

 

65.An inventory system that is premised on materials arriving exactly when they are needed for production is called

a.materials resource planning.

b.material resource planning II.

c.a just-in-time inventory system.

d.none of the above.

 

 

 

66.The outright sale of a firm’s receivables to a third party is called

a.a write-off.

b.factoring.

c.re-invoicing.

d.none of the above.

 

 

 

67.The part of credit policy that dictates how delinquent accounts should be handled is called

a.setting the credit terms.

b.determining credit standards.

c.developing a collection policy.

d.none of the above.

 

 

 

68.Firms that tend to do extensive credit checks on clients before offering credit are more likely to be

a.firms with low variable costs.

b.firms with high variable costs.

c.firms with high fixed costs.

d.none of the above.

 

 

 

69.Which of the following is not one of the five C’s of credit?

a.character

b.collections

c.capital

d.collateral

Feb 13 2020 View more View Less

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