"Points" Are Defined As

question 10

Multiple Choice

"Points" are defined as:

• A) a fee charged by the lender to the seller for extending the loan to the buyer
• B) a fee charged by the lender to the borrower for extending the loan
• C) a fee charged by the seller to the buyer as a part of the selling price
• D) a fee charged by the lender to the seller to defray the risk of a loan that can't have a higher interest rate because of regulations governing the allowable rates

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Definitions:

Order System

The processes and technology employed by an organization to accept, process, and fulfill customer orders.

Order Cycle Time

A metric that measures the length of the order cycle, or the ability of the order system to react to customer orders.

Perfect Order Rate

A metric used in supply chain management that measures the percentage of orders delivered to the right place, at the right time, in the right condition, and with correct documentation.

Shipped on Time

Shipped on time refers to the process of sending goods to the intended recipient within the promised or scheduled delivery timeframe.