Brandon Works for a Courier Service

question 179

Multiple Choice

Brandon works for a courier service. In creating his route each day he starts by selecting the address closest to the dispatch office. Once he makes that delivery he checks the remaining addresses and picks the one closest to his current location. He follows this process for all his remaining deliveries for the day. Brandon's strategy for building his daily delivery route is closest to

• A) working backward.
• B) availability.
• C) hill climbing.
• D) trial-and-error.

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Definitions:

Accounts Receivable

The amount due to an enterprise by its clients for delivered goods or services awaiting payment.

ACP

Average Collection Period, a metric indicating the average number of days it takes for a company to receive payments owed by its customers.

Investing Activities

Operations related to buying and selling long-term assets and investments, excluding those considered as cash equivalents.

Financial Analysts

Professionals who evaluate investments, economic trends, and financial statements to help businesses and individuals make informed financial decisions.