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:

Suicide

The act of intentionally causing one's own death.

Ethical Behavior

Actions and attitudes that conform to professional standards and moral principles, often guided by the goal of doing good and avoiding harm.

Organization

An arranged group of people with a particular purpose, such as a business, government body, or charity.

Code of Standards

A set of guidelines or principles established by an industry or organization to ensure quality and consistency.