The Truck That Delivers the Orders to the Receiving and Stocking

question 33

Multiple Choice

The truck that delivers the orders to the receiving and stocking activity would be viewed in the inventory management process as a(n)

• A) facility.
• B) information output.
• C) activity.
• D) resource.
• E) data input

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Definitions:

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Receivables Turnover Ratio

The Receivables Turnover Ratio measures how effectively a company collects its outstanding credit, calculated by dividing net credit sales by the average accounts receivable.

Notes Receivable

Financial assets representing amounts owed to a company, payable within a certain period.

Dishonoured

Pertains to a financial instrument, like a check or promissory note, that is not paid upon presentation due to insufficient funds or any other reason for non-payment.