Which of the following is a risk that would more likely be seen in a lean production and just-in-time (JIT) manufacturing environment than in a traditional production environment?
A) Reduced customer satisfaction due to product quality.
B) Reduced raw material supply bringing the production process to a halt.
C) Increased inventory storage costs.
D) Increased production time resulting in lost sales.
B
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Which of the following statements is true?
A. Recessions occur at regular intervals. B. Each phase of the business cycle is of equal length. C. Several economic variables move together during recessions. D. The length of each phase of the business cycle can be predicted in advance.
Most ERPs are based on which network model?
a. peer to peer b. client-server c. ring topology d. bus topology
An electronic funds transfers system ________.
A) does not include debit card transactions B) is seldom used by businesses C) transfers cash by electronic communication rather than by paper documents D) uses forms such as checks and deposit tickets to transfer cash
The process of generating, storing, and interpreting current sales figures by item has been greatly facilitated through the use of _____
a. inventory records b. the Universal Product Code c. profit-and-loss statements d. shelf facing labels