What are the three primary goals of the just-in-time (JIT) philosophy?
1 . Elimination of any production process or operation that does not add value to the product or service.
2 . Continuous improvement in production/performance efficiency.
3 . Reduction in the total cost of production/performance while increasing quality.
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Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $40,500; net cash used in investing activities was $15,000 and net cash used in financing activities was $19,500. If the beginning cash balance is $7500, what is the ending cash balance?
A. $43,500. B. $6000. C. $67,500. D. $82,500. E. $13,500.
A question that seeks more information is referred to as a(n)
a. open question. b. closed question. c. probing question. d. inquiring question.
Which of the following rewards employees through an increase in pay based upon the number of skill modules the employee has mastered?
a. merit pay b. seniority-based pay c. skill-based pay d. gain sharing e. piece-rate pay
The "Sinking Fund" problem can be classified as a multi-period linear programming application
Indicate whether the statement is true or false