Turnkey Projects Are Most Common in the Following Industries

question 97

Multiple Choice

Turnkey projects are most common in the following industries:

• A) chemical, pharmaceutical, petroleum refining, and metal refining
• B) textiles, shoes, leather products, and linens
• C) cars, trucks, construction equipment, and farm implements
• D) lumber, furniture, paper, and pulp
• E) automobile, pulp and paper, metal mining, and oilfield production

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Definitions:

Accounts Payable

The amounts a company owes to its suppliers or vendors for goods or services received but not yet paid for; a liability on the balance sheet.

Collections Float

Float created while funds from customers’ cheques are being deposited and cleared through the cheque collection process.

Disbursement Float

Float created before cheques written by a firm have cleared and been deducted from the firm’s account. Disbursement float causes the firm’s own cheque-book balance to be smaller than the balance on the bank’s records.

Net Float

The difference between a firm’s disbursement float and collections float.