Robinson Crusoe Has Formed a Business That Sells Carved Gourmet

question 9

Multiple Choice

Robinson Crusoe has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday,as you might expect,takes calls from curstomers,oops,I mean customers,who are unhappy with their coconuts.Wednesday tosses finished coconuts into the sea,whereupon they drift to the wholesaler.Thursday sends smoke signals to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay.Which of the following functions in the value chain is Tuesday performing?

• A) Inbound logistics
• B) Operations
• C) Outbound logistics
• D) Marketing and sales
• E) Service

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Definitions:

Character

In finance, character often refers to the creditworthiness of a borrower, indicating their reputation or track record for repaying debts.

Credit Obligations

The responsibility to repay borrowed money or debts incurred, which can include loans, bonds, or lines of credit.

NPV Investment

An analysis method used to determine the present value of an investment's expected future cash flows minus the initial investment cost.

Credit Policy

The guidelines a company follows to determine how much credit to extend to customers.