The Process of "Cycling" a Document Back and Forth Between

question 43

Multiple Choice

The process of "cycling" a document back and forth between different people several times:

• A)is a way of making sure that several people "own" the message.
• B)is important to give approval for external documents.
• C)increases the cost of correspondence.
• D)speeds up communication because several people are made aware of the message before it is released.

---

Definitions:

FOB Destination

A shipping term indicating that the seller is responsible for the goods until they reach the specified destination and have been delivered.

Consignment

A business arrangement where goods are left in the possession of an authorized third party to sell, but the title to the goods remains with the seller until sold.

Inventory Count

The physical verification of the quantities and condition of items in a company's inventory.

FIFO

This inventory management and valuation method assumes that the oldest products are sold or used first; an acronym for "First In, First Out," detailing a specific approach to inventory and asset management.