The Stages in the Life of a Transaction Exposure Can

question 18

Multiple Choice

The stages in the life of a transaction exposure can be broken into three distinct time periods. The first time period is the time between quoting a price and reaching an actual sale agreement or contract. The next time period is the time lag between taking an order and actually filling or delivering it. Finally, the time it takes to get paid after delivering the product. In order, these stages of transaction exposure may be identified as:

• A) backlog, quotation, and billing exposure.
• B) billing, backlog, and quotation exposure.
• C) quotation, backlog, and billing exposure.
• D) quotation, billing, and backlog exposure.

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Definitions:

Creativity Undermine

Occurs when conditions or attitudes negatively impact the ability or willingness of individuals or teams to generate innovative ideas or solutions.

Social Approval

concerns the positive acceptance or endorsement by others within a social group or society, often influencing individuals' behavior and decisions.

Incubation

Describes a period of nurturing, support, and development for new ideas, startups, or innovations to help them mature or succeed.

Punish Failure

Punish failure refers to the practice of imposing negative consequences on employees or teams for not achieving predefined objectives or standards.