Examlex

Solved

Jeremy Assembles Circuit Boards in a Computer Manufacturing Plant

question 30

Multiple Choice

Jeremy assembles circuit boards in a computer manufacturing plant.He gets the chips for the boards from David,and after assembling the circuit boards,Jeremy then forwards them to Bill,who places them into finished components.This example illustrates the concept of ________.


Definitions:

Customer Order Entry

The process by which a customer's order is received, processed, and entered into a company's order management system.

Product Receipt

Product receipt refers to the process of receiving goods or inventory, documenting their arrival, and updating inventory records accordingly.

Complete Payment

A financial transaction where the full amount owed is paid by the buyer to the seller.

Procurement Cycle

The process of acquiring goods and services from identification of need through to the end of a service contract or life of an asset.

Related Questions