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NEW QUESTION: 1
The _____ is the period of time between the receipt of inventory and the payment for it.
A. operating cycle.
B. cash cycle.
C. accounts payable period.
Answer: C
Explanation:
The cash cycle begins once the inventory is paid for. The period of time between the receipt of inventory and payment for it is just a part of the operating cycle.
NEW QUESTION: 2
What does it mean to "rationalize" data protection requirements?
A. Evaluate the costs and risks of applicable laws and regulations and address those that have the greatest penalties
B. Determine where laws and regulations are redundant in order to eliminate some from requiring compliance
C. Address the less stringent laws and regulations, and inform stakeholders why they are applicable
D. Look for overlaps in laws and regulations from which a common solution can be developed
Answer: B
NEW QUESTION: 3
Sydney Johnson is the supply management professional for Scott Textile Industries of North America.
Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. Which regulation would provide for the recovery of damages upon proof of loss to the government through the award or performance of a government contract?
A. False Claims Act
B. Prompt Payment Act
C. North American Free Trade Agreement (NAFTA)
D. Service Contract Act
Answer: A
Explanation:
Sydney Johnson is the supply management professional for Scott Textile Industries of North
America. Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. The False Claims Act would provide for the recovery of damages upon proof of loss to the government through the award or performance of a government contract. The
Prompt Payment Act requires Federal contractors supplying goods and services to be paid in a timely manner. The Service Contract ACT requires prevailing wages are used in Federal service contracts.
The North American Free Trade Agreement (NAFTA) is an agreement which breaks down the barriers and restrictions among the United States, Canada, and Mexico.