The Time Between When an Order Is Placed and the Time

question 49

Multiple Choice

The time between when an order is placed and the time it is received is the ____________.

• A) reorder point
• B) rate of use
• C) lead time
• D) price break

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Definitions:

Accommodation

Adjustments or modifications provided to employees or customers to enable participation or access, often relating to disability.

Nonconforming Goods

Products delivered under a contract that fail to meet the specifications or quality standards specified.

Acceptance

The agreement by a party to the terms of an offer, creating a legally binding contract.

Prompt Shipment

The process of quickly and efficiently sending goods to a buyer shortly after receiving the order.