Managers of just-in-time (JIT) inventory systems use sales budgets for short periods (often as few as one or two days) to order ________________ merchandise or materials to satisfy the immediate sales demand.

If a firm's credit period is decreased, the sales volume can be expected to ________, the investment in accounts receivable can be expected to ________, and the bad debt expenses can be expected to ________

A) increase; decrease; decrease B) increase; increase; decrease C) increase; increase; increase D) decrease; decrease; decrease

Which of the following bonds has the shortest maturity date?

A) Treasury bills B) Treasury bonds C) Treasury notes D) Floating rate notes E) All four types of bonds have the same maturity date.