UNDER A BLANKET ORDER ARRANGEMENT, WHICH OF THE FOLLOWING IS CORREC...

7. Under a blanket order arrangement, which of the following is correct?

a. The cost of carrying the inventory is borne by the buyer.

b. The seller delivers all of the material ordered at one time.

c. Payments for all of the material are made at one time.

d. At the end of the blanket order, prices are adjusted for the actual

amount of material delivered.