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Anna11 [10]
2 years ago
12

Which one of the following statements is true regarding JIT inventory?

Business
1 answer:
defon2 years ago
5 0

Answer:

The correct answer is letter "C": It is the minimum inventory necessary to keep a perfect system running.

Explanation:

Just in Time (<em>JIT</em>) inventory is a system of supplying goods as close as possible to when they are needed. For a company that resells, this means goods arrive just before hitting the shelves for customer purchases. For a manufacturing company, it means part and raw materials arrive just before they are added to the final product.

Keeping less inventory on hand means a company has more available cash and credit for other users.

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Dave plans to deposit $3,300 in an IRA account on April 15, Year 1. The account will earn 3% annually. If he makes this $3,300 d
hjlf

Answer:

63218

Explanation:

Annuity -3300

FVAD (from table) at 15years, 3% = 19.1569

Future value = 63217.77=63218

7 0
2 years ago
A consumer would pay an extra if they used the rent to own program to buy the computer, rather than using cash. For all of the i
Vlada [557]

Answer: If you want to purchase any kind of goods and services like furniture, appliances, electronic gadgets, and other such items but you do not have enough money or cash or credit to purchase it, then the rent to own becomes your lender of last resort.

They are the business where they collect weekly or monthly payments of the product and until the cost of the item is not covered and then the items come in the buyer’s possession after the payment is made in full.

7 0
2 years ago
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When Jacob Riley began working at his local bakery, he found out there was a union representing the bakery workers, but that man
Stells [14]

Answer:

The answer is National Labor Relations Act (Wagner Act)

Explanation:

The national labor Act of 1935 provides workers with the right to organize and  join labor union. The Act also provides workers with a framework for collective bargaining.  The Wagner Act prohibits the interference or coercion of workers to exercise their rights of organizing or joining labor unions alongside bargaining collectively for their working conditions or wages.

Moreover,  the Act prohibits the employer from the refusal to bargain with employees' representatives.

8 0
2 years ago
Of the value creation activities in a company, which of the following is concerned with the design of products and production pr
Leni [432]
The value creation activities that deals with the design of products and production process is RESEARCH AND DEVELOPMENT.
Value chain activities are those activities that are put in place in order to create a product and get it to the final consumers. The series of activities involves include: research and development, production, marketing and sales and customer service.
3 0
2 years ago
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A customer, who needs to drive to work in a Wisconsin winter, has a critical need to use the product Ice Melt. For him as a cons
Blizzard [7]

Answer:

Urgency / Postponement leads to customer inelastic demand of ice melt.

Explanation:

Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price

Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,

Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price

Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.

5 0
2 years ago
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