When Does the Lead Time in a Procurement Process Come

question 42

Multiple Choice

When does the lead time in a procurement process come to an end?

• A) when an order arrives at the warehouse
• B) when an invoice is received from the supplier
• C) when ordered goods are reflected in the purchase order database
• D) when an order is placed with a supplier

---

Definitions:

Money Supply

The entire financial capacity of an economy, taking into account cash, coins, and the amounts in both checking and savings accounts, at a specific point in time.

Required Reserve Ratio

The percentage of deposits that banks are legally required to keep on hand as reserves, not loaned out.

Excess Reserves

Excess reserves are the capital reserves held by banks beyond the required minimum, often placed with central banks, earning interest.

Money Supply

The total amount of monetary assets available in an economy at a specific time, which includes cash, coins, and balances held in checking and savings accounts.