Forward Scheduling

question 1

Multiple Choice

Forward scheduling:

• A) begins with a delivery date, then offsets each operation one at a time, in reverse order.
• B) has the same meaning as "finite loading."
• C) is often used in service environments such as catering a banquet or scheduling surgery.
• D) starts the schedule as soon as the job requirements are known.
• E) produces a schedule only if it meets the due date.

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Definitions:

Carrying Inventory

The process of holding stock or goods in storage or in transit, with associated costs.

Terms of Sale

The conditions under which a seller will complete a sale, typically specifying the time and method of payment and when the buyer takes possession of the goods.

Credit Period

The duration of time a buyer is given by a seller to pay for a purchase.

Cash Discount

An incentive offered by sellers to encourage buyers to pay their invoice ahead of the due date.