Pamela Orders the Same Copy Paper Each Month for the Same

question 67

Multiple Choice

Pamela orders the same copy paper each month for the same price from the same supplier. This is an example of a

• A)new buy.
• B)continual buy.
• C)quick buy.
• D)straight rebuy.
• E)modified rebuy.

---

Definitions:

Estimated Inventory

Estimated inventory represents a company's approximation or forecast of the inventory it has, which can be used for planning, budgeting, or as part of the inventory valuation process.

Production Budget

A financial plan that estimates the number of units to be produced to meet the sales goals and inventory needs.

Cassette Recorders

Electronic devices used for recording audio onto a magnetic tape housed in a cassette.

Cash Budget

A plan that estimates future cash inflows and outflows over a specific period of time.