Order Cycle Time Is

question 151

Multiple Choice

Order cycle time is

• A) the time between when an order is placed and when payment is received.
• B) the time between the sale of the first production batch to the sale of the next production batch.
• C) the cycle between one full warehouse shipment to the next full warehouse shipment.
• D) the time between the ordering of an item and when it is received and ready for use or sale.
• E) the average time between reorders by a given wholesaler or retailer in the marketing channel.

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Definitions:

Corporate Constituency Statutes

A statute that expands the traditional view that directors and officers of a corporation have a duty to make business decisions primarily or exclusively to maximize shareholders’ interests by explicitly permitting the consideration of non-shareholder interests. Those interests may vary but often include the environment, corporate employees, customers, creditors, suppliers, and local community.

Raiders

Individuals or entities that aggressively attempt to take over or acquire control of a business, often through purchasing a substantial portion of its stock.

Corporate Books

The official records of a corporation, documenting essential activities, decisions, and financial transactions.

Freeze-Out Acquisition

A strategy used in mergers and acquisitions where a majority shareholder forces out minority holders to take full control of the company.