A ________ occurs when an item is out of stock and is sold to the customer when a shipment arrives

Fill in the blank with correct word.


Answer: backorder

Business

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Which one of the following information is NOT maintained by credit reporting agencies?

a. Supplier or creditor information such as sales volume and credit policies. b. Account information such as payment schedules, items purchased, and buying habits. c. Marketing information such as customer breakdowns by age, sex, and income levels. d. Consumer information such as addresses, ages, family members, and income.

Business

According to the profit-seeking school of social responsibility, a firm must have clear ethical standards and a sense of social responsibility for its unintended acts in order to maximize profits and to survive in both the short and long runs

Indicate whether the statement is true or false

Business

The average number of jobs in the work center for jobs listed in the following table under the shortest processing time (SPT) rule is ______.



A. 2.49 jobs
B. 2.98 jobs
C. 3 jobs
D. 3.5 jobs

Business

A controller administers a firm's credit policy by analyzing or managing the evaluation of credit applications, extending credit, and monitoring and collecting accounts receivable

Indicate whether the statement is true or false

Business