Which of the Following Items Is a Measure of a Company's

question 157

Multiple Choice

Which of the following items is a measure of a company's ability to collect receivables?

• A) inventory turnover ratio
• B) current ratio
• C) days' sales in receivables
• D) account receivable balance

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Definitions:

Mass Customization

is a manufacturing technique that combines the flexibility and personalization of custom-made products with the low costs associated with mass production.

Process Analysis

The study of workflow within a business to identify its operational processes and improve efficiency and productivity.

Design Tools

Instruments and software used in the creation, planning, and modifying of products, buildings, and other items.

Build-to-order System

A manufacturing approach where products are assembled or constructed only after a customer's order is received, allowing for customization and reducing inventory costs.