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:

Tetraploid

An organism or cell having four complete sets of chromosomes, a condition that can result from the doubling of chromosomal number.

Polyploid

An organism or cell having more than two paired (homologous) sets of chromosomes, often resulting in biological diversity or adaptation.

Abscisic Acid

A plant hormone that regulates growth and development processes, including seed dormancy and response to environmental stress.

Seed Germination

The process by which a seed begins to grow and develops into a new plant, often triggered by water absorption and temperature.