The Ease of Adjusting Resources in Response to Changes in Demand

question 47

Multiple Choice

The ease of adjusting resources in response to changes in demand defines firm's

• A)vertical integration
• B)process flexibility
• C)customer involvement
• D)capital intensity

---

Definitions:

Auxiliary Petty Cash Record

A detailed documentation or log used to track petty cash expenses and replenishments separate from the main cash records.

Accounts Receivable Clerk

An employee who manages incoming payments, keeps records of money owed by customers, and ensures accurate and up-to-date accounts receivable.

Replenishment

The process of refilling stock or supplies in a business to ensure adequate levels are maintained.