A Runout Is ____

question 29

Multiple Choice

A runout is ____.

• A) a characteristic of intersecting features, determined by locating the line of intersection between the mating parts
• B) the quality of a round in which a sharp corner has only a slight relief
• C) the finished product of the combination of an arc and a line
• D) formed when a cutting plane line has precedence over a centerline
• E) none of the above

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Definitions:

Perpetual Inventory System

Inventory accounting method that uses computerized point-of-sale and enterprise asset management software to immediately track sales or purchases of inventory.

Customer Refunds Payable

A liability account representing the amount of money owed to customers for the return of goods or dissatisfaction with services provided.

Credit To Inventory

An accounting entry that increases the total value of inventory held by a company, reflecting additions or corrections to stock.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, detailing the repayment period, cash discount, and the due date of payment.