Collier Company Has Implemented a Just-In-Time System, Which Relies on Suppliers

question 81

Multiple Choice

Collier Company has implemented a just-in-time system, which relies on suppliers to deliver goods for resale as needed.This implementation is most consistent with which of the following basic principles of cash management?

• A)Increasing the speed of receivables collection.
• B)Planning the timing of major expenditures.
• C)Keeping inventory levels low.
• D)Delaying the payment of liabilities.

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Definitions:

Genetic Method

An approach in psychology that examines the influence of genetics on behavior and traits, studying how inherited characteristics impact individual differences.

Pancreas

A dual-purpose gland under the stomach that performs both digestive and endocrine functions.

Insulin Production

The process by which the pancreas creates insulin, a hormone key to regulating blood glucose levels.

Metabolism

The set of life-sustaining chemical reactions in organisms that enables them to convert food into energy, maintain their structures, and respond to their environments.