One of the Benefits of EDI Is That It Can

question 103

Multiple Choice

One of the benefits of EDI is that it can reduce lead time,which is

• A) the time between the decision to place an order and the receipt of the merchandise.
• B) the time from when an RFP is announced to the time a consumer purchases the finished product.
• C) the time from when funds are committed for purchase of raw materials to the time when the payment for the finished goods is actually received.
• D) the time between when finished goods leave the manufacturer until the time they arrive, floor-ready, at the retailer.
• E) the time between when an item is sold to a customer and when a replacement is made available for purchase by another customer.

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Definitions:

Extracted Ore

Raw minerals taken from the ground, which may be processed to extract valuable metals or other resources.

Loss On Disposal

The financial loss incurred when disposing of an asset for less than its book value or carrying amount.

Gain On Disposal

The profit realized from the sale of a fixed asset, such as machinery or real estate, above its book value.

Accumulated Depreciation

Refers to the total amount of depreciation expense that has been recorded for an asset since it was acquired, representing the asset's wear and tear over time.