Today Manufacturers Are Relying More Heavily On

question 99

Multiple Choice

Today manufacturers are relying more heavily on:

• A) one or two suppliers because firms share so much information.
• B) the bidding process to obtain the lowest price.
• C) many suppliers to keep their leverage.
• D) developing an MRP system for purchasing.

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Definitions:

Outstanding Check

A check that has been written and issued but not yet cashed or cleared by the bank.

Service Charge

A charge imposed to cover expenses associated with the main product or service being acquired.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks written or deposits in transit.

Check Register

A record kept by an account holder of checks written and deposits made into their checking account.