?A lockbox arrangement is:
A. ?a method for the safe-keeping of marketable securities.
B. ?used to identify inventory safety stocks.
C. ?a system for slowing down cash disbursements.
D. ?a system for speeding up a firm's collections of checks received.
E. ?a system for speeding up a firm's disbursement of checks to the customers.
Answer: C
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Which of the following would appear as a prior-period adjustment?
A) loss resulting from the sale of fixed assets B) difference between the actual and estimated uncollectible accounts receivable C) error in the computation of depreciation expense in the preceding year D) loss from the restructuring of assets
The customer's overall feeling of contentment with a customer interaction is referred to as:
a. scope of influence. b. customer reinforcement. c. customer satisfaction. d. none of the above.
The mere possession of land without right is called a tenancy at will
Indicate whether the statement is true or false
Which of the following uses of MRP in promoting a healthy environment is NOT used?
A) An MRP system can track waste in a bill of materials as a component of an item. B) When the master production schedule is developed for a product, reports can be generated that project the quantity of waste. C) When the master production schedule is developed for a product, reports can be generated that project the timing of waste. D) The MRP system can be used to communicate directly with the International Organization for Standardization to file ISO 9000 documentation.