The Time from Ordering an Item Until It Is Received

question 116

Multiple Choice

The time from ordering an item until it is received and ready for use or sale is referred to as

• A) order cycle time.
• B) order handling time.
• C) order-to-ship duration.
• D) purchase cycle.
• E) logistics cycle.

---

Definitions:

Cost

Refers to the amount of money incurred to produce or purchase goods or services.

Defective Motor

A motor that fails to operate within its specified performance criteria due to faults in design, material, or workmanship.

Discount Period

The time frame during which a payment made early is eligible for a discount according to the terms of the sales agreement.

Money Market Account

A type of savings account that typically offers both higher interest rates and greater withdrawal flexibility compared to regular savings accounts.