Shortest Processing Time (SPT)rule Means

question 31

Multiple Choice

Shortest processing time (SPT) rule means

• A) the job with the least processing time is worked on next.
• B) the job needed at the bottleneck is worked on next.
• C) the same as critical ratio.
• D) none of the above.

Understand the process of budgeting for cash collections from customers.

Understand and calculate cash disbursements for purchases and operating expenses.

Develop a basic understanding of cash budget preparation and analysis.

Understand how to prepare a direct labour budget.

---

Definitions:

Accounts Receivable Turnover

A financial metric that measures the efficiency with which a company collects on its receivables or the credit it extends to customers by calculating the number of times receivables are turned over during a given period.

Acceleration

The rate at which an object's velocity changes over time, often measured in meters per second squared in the physical sciences or in speeding up processes within various fields.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency of the business.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to fund operations.