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:

Dura

The tough outermost membrane covering the brain and spinal cord, also known as the dura mater.

Patient-Controlled Analgesia

A method of pain management that allows the patient to administer their own analgesic medication through the use of a programmable pump.

Postoperative Orders

Instructions provided by healthcare professionals for care and treatment following a surgical procedure.

Nursing Interventions

Actions taken by nurses to implement a plan of care aiming at achieving outcomes for the patient, such as administering medications or providing education.