11) A firm purchased goods with a purchase price of $1,000 and the following credit terms: a credit period of 30 days; 1% discount if paid within 10 days. The firm paid for these goods on the 5th day after the date of sale. The firm must pay ________ for the goods.

A. $990

B. $900

C. $1,000

D. $1,100

12) Which of the following major variables should be considered when evaluating proposed changes in credit standards?

A. level of inventories

B. accounts payable

C. level of liquid assets

D. bad debt expenses

13) Taizhou Products uses 800 units of a product per year on a continuous basis. The product has carrying costs of $50 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the firm requires a safety stock of 5 days usage in inventory. The economic order quantity (EOQ) will be:

A. 98 units

B. 96 units

C. 69 units

D. 68 units

14) When it comes to handling risk, Supply Chain Finance Instruments can have a big influence on certain types of risk. Which of the following are risks that Reverse Factoring can influence?

A) Disruptions, delays and accounts receivable risk

B) Disruptions, delays and currency risk

C) Disruptions, intellectual property risk and accounts receivable risk

D) Credit risk, disruptions and accounts receivable risk

15) The two core reasons for buyers to have SCF instruments are

A) Improving working capital position and decreasing transaction costs

B) Risk mitigation and improving working capital position

C) Risk mitigation and improving relations with suppliers

D) Increasing supply chain transparency and improving relations with supplier