A(n) ______ System Is an Arrangement That Permits a Customer's

question 59

Multiple Choice

A(n) ______ system is an arrangement that permits a customer's bank to periodically transfer funds from its account to a selling firm's bank account to pay an amount owed to the selling firm. 

• A)disbursement
• B)preauthorized debit
• C)lockbox
• D)concentration banking
• E)accounts payable

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Definitions:

Variable Demand

Fluctuations in customer demand for products or services over time, which can significantly impact supply chain, inventory management, and planning processes.

Poisson Distribution

A discrete probability distribution that often describes the arrival rate in queuing theory.

Exponential Service

A service mechanism in which the service times follow an exponential distribution, commonly used to model random service processes in queueing theory.

Monte Carlo Analysis

A statistical technique that utilizes random sampling and variability to calculate risks and predict outcomes in a wide range of applications.