Which of the following is FALSE regarding the links between JIT and quality?
A) Inventory hides bad quality; JIT immediately exposes it.
B) JIT reduces the number of potential sources of error by shrinking queues and lead times.
C) As quality improves, fewer inventory buffers are needed; in turn, JIT performs better.
D) If consistent quality exists, JIT allows firms to reduce all costs associated with inventory.
E) JIT increases the cost of obtaining good quality.
E
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U.S. companies that have subsidiaries in foreign countries can file their financial statements with the SEC by using?
A) IFRS B) GAAP C) either IFRS or GAAP D) IFRS for their subsidiaries and GAAP for their holdings in the United States.
Which one of the following types of costs is excluded from the cost of inventory that is routinely manufactured?
A) interest B) raw materials C) normal spoilage D) insurance
Multiply the fractions and reduce to lowest terms: 
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