Purchasing Office Supplies on Account Is an Example of One

question 4

True/False

Purchasing office supplies on account is an example of one way a company can take advantage of deferring a cash payment.

---

Definitions:

Material Handling

The act of transporting, securing, keeping, and supervising materials and goods from the point of manufacturing, through storage and distribution, to their consumption and eventual discard.

AGVs

Automated Guided Vehicles; robotic vehicles used for transporting materials around a manufacturing facility, warehouse, or other environments without direct human intervention.

CNC

Acronym for Computer Numerical Control, a process used in manufacturing that involves the use of computers to control machine tools.

Computer-Integrated Manufacturing

A system of manufacturing in which the entire production process is controlled by computer, from the initial design and manufacturing of the product to its final delivery.