In This Manufacturing Approach,typically Many Different End Items Are Made

question 12

Multiple Choice

In this manufacturing approach,typically many different end items are made by combining standard components in inventory into many different products.

• A)MTS (Make to Stock)
• B)ATO (Assemble to Order)
• C)ETO (Engineer to Order)
• D)JIT (Just in Time)

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Definitions:

Outstanding Checks

Outstanding checks refer to checks that have been written and recorded by an issuing company but not yet cashed or cleared by the bank.

Receiving Report

A document completed by the receiving staff of a company, detailing the items received, their quantities, and condition upon delivery.

Invoice

A document issued by a seller to a buyer that outlines a transaction and includes details of goods or services provided, prices, date, and payment terms.

Accounts Receivable

Funds that customers owe to a business for products or services provided but not yet compensated for.