Your Key Supplier Has Decided to Change the Terms of Your

question 129

Multiple Choice

Your key supplier has decided to change the terms of your credit arrangement from net 45 to net 30. This action will _____ your accounts payable period and _____ your cash cycle.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) decrease; not change

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Definitions:

Industrial Unionism

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.

Job Control Unionism

A labor relations strategy focused on the collective negotiation of work roles, conditions, and terms of employment by unions to protect workers’ interests.

Lack Of Flexibility

The inability or unwillingness to adapt to new conditions or circumstances, which can hinder progress and efficiency.

Production Processes

The methods, techniques, and sequences involved in manufacturing goods and services, from raw materials to finished products.