Which of the following is true of Just-in-Time (JIT) Management?
A) It results in more storage and insurance costs.
B) It is a system in which the company produces products only after receiving an order.
C) It promotes surplus inventory to prevent production shut-down in case of supply interruptions.
D) It requires a surplus inventory of finished goods to ensure timely, or just-in-time, delivery to customers.
B
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If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays April 2, then the amount paid to the seller would be
a. $3,136 b. $3,150 c. $3,168 d. $3,200
Bertone's Office Supplies has large stores resembling warehouse environments, with racks stocked from floor to ceiling with different types of office supplies. Its assortment of office supplies is the largest in town, and its prices are low. Bertone's is a(n)
A. extreme-value retailer. B. off-price retailer. C. category specialist. D. full-line discount retailer. E. warehouse club.
Table 10-5 represents a solution for an integer programming problem. If this problem had been solved as a simple linear programming problem, what would you expect the value of the objective function to be?
A) less than 208 B) greater than 208 C) exactly 208 D) A or C E) B or C
A partnership is forced to terminate every time a partner dissociates from the firm.?
Indicate whether the statement is true or false