Cycle Inventory Exists in a Supply Chain Because Different Stages

question 34

Multiple Choice

Cycle inventory exists in a supply chain because different stages exploit economies of scale to

• A) lower total cost.
• B) raise quality.
• C) improve reliability.
• D) synchronize the supply chain.

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Definitions:

Note Receivable

A financial asset representing a borrower's promise to pay the holder a specific sum of money either on demand or at a future specified date.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement.

Book Balance

The balance of an account according to the accounting records, before any adjustments or reconciliations have been made.

Check Amount

The sum of money written and authorized for payment on a check.