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:

Particular Proposition

A statement in logic that asserts something about one or more but not all members of a class.

Robust

Strong and effective in all or most situations and conditions; capable of withstanding or overcoming adverse conditions.

Valid Argument

A logical statement where the conclusion necessarily follows from the premises, based on sound reasoning.

Postconventional Stage

A level of moral development where individuals recognize universal ethical principles and prioritize them over laws and social agreements.