PBJ Enterprises Estimates That It Takes, on Average, Three Days

question 54

Multiple Choice

PBJ Enterprises estimates that it takes, on average, three days for their customers' payments to reach them, three days for the payments to be processed and deposited by their bookkeeping department, and three more days for the checks to clear once they're deposited. What is their collection float?

• A) 5 days
• B) 6 days
• C) 9 days
• D) 18 days

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Definitions:

XIC Instruction

In ladder logic and PLC programming, the "Examine if Closed" instruction that checks if a particular condition is true (i.e., if a contact is closed).

True

A logical or Boolean value indicating affirmative or confirmation, often represented digitally as '1' in binary.

Pressure Switch

A device that closes or opens an electrical contact when a certain set fluid pressure has been reached on its input.

Selector Switch

A switch used to select between two or more different operations or circuits.