A 4PL Is

question 8

Multiple Choice

A 4PL is

• A) a 3PL owned by transportation related firm.
• B) a firm used to implement Facility Utilization and Equipment Utilization Strategies.
• C) looked to for sustaining successful supply chain relationships.
• D) a group of 3PLs owned by the company.

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Definitions:

Cash Short

A situation where the actual cash differs from the expected amount during a financial transaction or at the close of a business day.

Journal Entry

A record in accounting that represents a transaction and its effects on accounts in a double-entry bookkeeping system.

NSF Check

A check that has been returned by the bank because the account on which it was drawn did not have sufficient funds.

Deposits In Transit

Funds that have been sent to a bank but not yet recorded in the bank's records, resulting in a discrepancy between the company's cash records and bank statement.