To Be Prepared for a Bomb Threat, Have A(n) _______

question 2

Short Answer

To be prepared for a bomb threat, have a(n) _______ that specifies how to search for bomb and what to do if one is found.

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Definitions:

Zero-Balance Account

A chequing account in which a zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover cheques presented.

Cash Safety Stock

The minimum amount of cash that a company needs to keep on hand to protect against unforeseen variability in cash flow.

Safety Stock

Extra inventory held by a company to prevent stockouts caused by unforeseen variations in supply and demand.

Collection Time

The time duration that a business takes to recover the payments owed to it by its clients, often measured from the date of sale or service delivery.