Barbara's Car Has Been Running Poorly Lately

question 135

Multiple Choice

Barbara's car has been running poorly lately. Whose advice is Barbara MOST likely to follow in order to make her car run better?

• A) her physician
• B) her uncle
• C) her mechanic
• D) her physics instructor

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Definitions:

Net Positive Float

The excess of funds available for use due to the time difference between when a check is deposited and when it clears.

JIT System

Just-In-Time System, an inventory management strategy that aligns raw-material orders directly with production schedules.

Accounts Payable

The amounts a company owes to its suppliers or vendors for goods or services received but not yet paid for; a liability on the balance sheet.

Collections Float

Float created while funds from customers’ cheques are being deposited and cleared through the cheque collection process.