To ensure that inventories of both raw materials and finished goods are sufficient to meet customer demand without undue delay, firms utilize sophisticated ________.

A. exclusive dealings
B. exclusive territorities
C. just-in-time (JIT) inventory control systems
D. materials requirement planning (MRP) systems
E. multiverse inventories


Answer: C

Business

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Which of the following is the main problem regarding intuition in the role of decision making?

a. People tend to lack sufficient experience. b. It does not provide evidence to support the idea. c. Few people have good intuition. d. Intuition is not real and cannot be trusted. Ans: B

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(a) THEAD, TH, TR (b) TH, TR, THEAD (c) THEAD, TR, TH (d) THEAD, TH, TD

Business