NAFA Asset Management Questions and Answers

NAFA Asset Management

AFTR - answer Automated Fuel and Tax Reporting

Available Capital - answer Money that is allocated for specific purchases

B4A - answer Before Advertisement

BAFO - answer Best and Final Offer

BARFO - answer Best and Revised Final Offer

Benchmarking - answer The comparison of performance of one organization to other
organizations

Bid Document Boilerplate - answer lists the rules of a proposal or contract

Bulk Incentive structures - answerThe purchase at one time, and often at a reduced
price, of a large quantity of a particular commodity

Component Rebate - answerdiscount given for special equipment added to vehicle
orders

Cost-benefit analysis - answerThis is the analysis of the costs and benefits associated
with a particular course of action or a choice of actions (such as purchasing a vehicle.)

Dealer Invoice - answerThe invoice amount the dealer pays the manufacturer for a
specific vehicle, not to be confused with the dealer's "actual" cost for the vehicle

Direct Dealer Stock - answervehicles that are available on a lot or from a dealer

Factory Stock - answervehicles that are ordered directly from the manufacturer,
bypassing a dealer

FASB - answerFinancial Accounting Standards Board regulates accounting and
reporting aspects of a transaction

Fleet Manager - answerThe fleet manager is responsible for the fleet during its full life
cycle

Holdback - answerAn amount paid from the factory to the dealership to offset normal
costs of doing business