The DSO and the aging schedule are two common methods for monitoring receivables. When are they misleading?

	a.	when some customers take the discount and others do not
	b.	when customers payments patterns are changing
	c.	when sales fluctuate seasonally
	d.	when sales are relatively constant, both seasonally and cyclically

Which of the following best describes the two key drivers in a just-in-time inventory system?

	a.	The just-in-time inventory control requires firms to maintain little to no inventory and large accounts payable.
	b.	The just-in-time inventory control requires firms to maintain large amounts of inventory; however, it requires total quality management in all areas of operations.
	c.	The just-in-time inventory control requires firms to maintain little to no inventory; however, it requires total quality management in all areas of operations.
	d.	The just-in-time inventory control requires firms to maintain little to no inventory because it requires virtually no total quality management in all areas of operations.