Matching the Production Rate to the Order Rate by Hiring

question 13

Multiple Choice

Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies?

• A) Stable workforce, variable work hours
• B) Chase
• C) Level
• D) Meeting demand
• E) Minimizing inventory

---

Definitions:

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for goods or services provided on credit.

Notes Receivable

Financial assets representing money owed to a company by customers or others, usually evidenced by a written promissory note.

Accounts Receivable

Monies owed to a company by customers for products or services that have been delivered or used but not yet paid for.

Aging the Accounts

The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.