The cash conversion period is the time between

Select one:

a.

placement of an order and cash payment for it.

b.

receipt of inventory and cash payment for it.

c.

cash payment for inventory and collection of accounts receivable.

d.

sale of inventory and cash collection of accounts receivable.

Accounts payable ____ cash available for the firm.

Select one:

a.

increase the amount of

b.

reduce the amount of

c.

have no effect on the

d.

represent all of the

Quality is defined by the American Society for Quality Control as

Select one:

a.

the characteristics of a product or service that affect its ability to satisfy the needs of customers.

b.

a series of activities designed to create excellence in a product or service.

c.

a special rank designated for manufactured products that have less than one defect per hundred.

d.

any output that meets the specific standards of a society.

The type of manufacturing that is designed for short runs is

Select one:

a.

job shops.

b.

project manufacturing.

c.

repetitive manufacturing

d.

flexible manufacturing.

Clear my choice

Question 15

Reasons for making component parts rather than buying them include the followingreasons except

Select one:

a.

more complete utilization of plant capacity.

b.

a secret design may be protected.

c.

limit working capital requirements.

d.

products may be of higher quality than those available from outside supplier