Galanis Corporation Keeps Careful Track of the Time Required to Fill

question 69

Multiple Choice

Galanis Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: The throughput time was:

• A)38.8 hours
• B)33.4 hours
• C)14.1 hours
• D)5.4 hours

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Definitions:

Creditor Claims

Legal claims by creditors to the assets of a debtor in the event of bankruptcy or insolvency.

Voluntary Dismissal

A legal action whereby the plaintiff or petitioner chooses to terminate proceedings without a judge's resolution of the case.

Accord And Satisfaction

A legal settlement where a dispute is resolved by the parties involved through a mutually agreed upon arrangement, often different from the original agreement.

Discharged Debt

Debt that has been forgiven or cancelled, legally releasing the debtor from the obligation to repay.