The excess of current assets over current liabilities is referred to as working capital

Which of the following is an advantage of manufacturer/distributor storage with customer pickup?

A) Facility costs can be very high if new facilities have to be built. B) Transportation cost is lower than the use of package carriers, especially if using an existing delivery network. C) Order visibility is difficult but essential. D) Product variety is similar to other manufacturer or distributor storage options.

In schedule rating, each building is individually rated on several factors. One factor refers to the quality of the city's water supply and fire department, and the risk control devices installed in the building. This factor is called

A) exposure. B) occupancy. C) protection. D) housekeeping.