Yield Management Systems Are Used To

question 60

Multiple Choice

Yield management systems are used to:

• A)determine the availability of product substitutes in industries that are experiencing rapid change.
• B)profitably fill unused capacity by using complex mathematical systems.
• C)predict necessary service levels required to achieve revenue goals.
• D)determine whether it is financially more feasible to buy a new product or repair a broken one.

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Definitions:

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Checking Account Balance

The amount of money currently available for withdrawal in a person's or entity's checking account.

Outstanding Checks

Checks that have been written and recorded in the paying entity's check register but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a business but not yet by its bank, typically relating to bank reconciliation processes.