Just in time jit - Study guides, Class notes & Summaries

What concept is based on the idea that nothing happens in a supply chain until a need is identified? A) First In First Out (FIFO) B) Last In, First Out (LIFO) C) Just in Time (JIT) D) re- Order Point C) Just in Time (JIT) Procurement officials acting within the scope of their authority have what type of authority to legally bind the government? A) Express Authority B) Implied Authority C) Actual Authority D) Apparent Authority C) Actual Authority

Accounts Payable CORRECT ANSWER-Outstanding business obligations that are owed to others. Accounts Receivable CORRECT ANSWER-Outstanding obligations owed to the business by others. Cash Flow Statement CORRECT ANSWER-A picture of all cash inflows and outflows within the business. Gross Profit CORRECT ANSWER-The percentage of business income before expenses. Just in Time (JIT) CORRECT ANSWER-A strategy to improve a business return on investment. Net Income/Profit CORRECT ANSWER-Reve...

1. Which definition used for quality evaluates how well a product performs its intended function? a. Support services b. Fitness for use c. Value for price paid d. Psychological criteria 2. Which total quality management (TQM) process was developed to stress management’s responsibility for quality? a. Fitness for use b. 14 points for quality improvement c. Product design quality d. Statistical quality control charts 3. Which total quality management (TQM) process consists of 13 publi...

Certified Paraoptometric (CPO) Exam Latest 2023 Already Passed Accounts Payable Outstanding business obligations that are owed to others. Accounts Receivable Outstanding obligations owed to the business by others. Cash Flow Statement A picture of all cash inflows and outflows within the business. Gross Profit The percentage of business income before expenses. Just in Time (JIT) A strategy to improve a business return on investment. Net Income/Profit Revenues minus expenses. Net Worth The...

Quality Management for Organizational Excellence:Introduction to Total Quality David L. Goetsch Stanley Davis Table of Contents P E A R S O N C U S T O M L I B R A R Y I 1. The Total Quality A pproach to Quality Management: Achieving Organizational Excellence 1 2. Quality and Global Competitiveness 19 3. Quality Management, Ethics, and Corporate Social Responsibility 35 4. Quality Culture: Changing Hearts, Minds, and Attitudes 51 5. Strategic Management: Planning and Execution for Competitive Ad...

Capital-Labor Substitution: - ANSWER-An organization's ability to substitute labor for capital or vice versa as production increases. Experience Curve: - ANSWER-increases. Experience Curve: The reduction in per-unit costs that occur as an organization gains experience producing a product or service. Functional Strategies: - ANSWER-The strategies pursued by each functional area of a business unit, such as marketing, finance, or production. Human Capital: - ANSWER-The sum of the capabiliti...

Supply Chain Management correct answers Set of approaches and techniques that firms use to integrate suppliers, manufacturers, warehouses so that products are distributed in the right quantity right location right time while minimizing costs Marketing Channels correct answers Direct Channel Direct Channel One Intermediary Direct Channel Two Intermediaries Direct Channel correct answers Manufacturer to customer Direct Channel One Intermediary correct answers Manufacturer to r...

Accounts Payable - Answer Outstanding business obligations that are owed to others. Accounts Receivable - Answer Outstanding obligations owed to the business by others. Cash Flow Statement - Answer A picture of all cash inflows and outflows within the business. Gross Profit - Answer The percentage of business income before expenses. Just in Time (JIT) - Answer A strategy to improve a business return on investment. Net Income/Profit - Answer Revenues minus expense...

CPPB Exam Prep Comprehensive B Questions with Verified Answers What concept is based on the idea that nothing happens in a supply chain until a need is identified? A) First In First Out (FIFO) B) Last In, First Out (LIFO) C) Just in Time (JIT) D) re-Order Point - CORRECT ANSWER-C) Just in Time (JIT) Procurement officials acting within the scope of their authority have what type of authority to legally bind the government? A) Express Authority B) Implied Authority C) Actual...

Test Bank for Management and Cost Accounting 11e, 11th Edition by Colin Drury, Mike Tayles ISBN-13: 3615 Full Chapters test bank included Part 1: Introduction to Management and Cost Accounting Chapter 1: Introduction to Management Accounting The Users of Accounting Information Differences between Management Accounting and Financial Accounting The Decision-Making, Planning and Control Process The Impact of the Changing Business Environment on Management Accounting Focus on Customer ...