What Non-Financial Factors Should Be Considered When Making a Decision

question 71

Multiple Choice

What non-financial factors should be considered when making a decision about buying rather than making a component of a company's product?

• A)Is the quality of the purchased component acceptable?
• B)Will the outside supplier increase prices significantly in the future?
• C)Will the supplier deliver on time?
• D)all of the above

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Definitions:

Calendar Year

The period of time from January 1 to December 31 in the Gregorian calendar.

Sales Estimate

An approximation of the number or monetary value of sales that a company expects to achieve within a certain period.

Cash-Out Situation

A scenario where an investor or business needs to liquidate assets or securities to cover liabilities or other cash needs.

Collection Period

The amount of time it takes for a business to receive payments owed by its customers.