Decreasing the Order Receipt Time,order Waiting Time,order Manufacturing Time,and Order

question 128

Multiple Choice

Decreasing the order receipt time,order waiting time,order manufacturing time,and order delivery time will reduce the delivery cycle time and the

• A)throughput time.
• B)customer response time.
• C)order fulfillment time.
• D)delivery time.

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Definitions:

Voucher System

A control mechanism in accounting that uses vouchers to record transactions and ensure expenditures are properly authorized.

Voucher System

A method in accounting used to authorize and document transactions, ensuring payments are made for authorized purchases only.

Cash Receipts

The collection of money, including coins, currency, checks, and electronic fund transfers, received by a business.

Cash Payments

The act of settling debts, purchasing goods, or services by transferring physical currency or through electronic means as opposed to using credit.