Which area(s) of a business can be improved by using a just-in-time (JIT) system?

A. Production and purchasing only.
B. Production only.
C. Purchasing only.
D. Production, purchasing, and delivery.


Answer: D

Business

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Based on the following, what is the total direct materials variance?


A) $150 U
B) $300 F
C) $150 F
D) $300 U

Business

When doing background research on your topic, asking, "What else exists that serves similar purposes?" is a question about the topic's ________

A) categories B) history C) popularity D) appeal E) context and structure

Business

The DuPont return on asset ratio would include which of the following?

a. Net profit margin b. Return on equity c. Net income to fixed assets d. Return on investment

Business

The U.S. Supreme Court case Virginia State Board of Pharmacy v. Virginia Citizens Consumer Council did which of the following?

A. Formed the basis of the modern practice of advertising B. Extended from individuals to organizations the First Amendment protection of commercial speech C. Required corporate commercial speech to be non-misleading D. All of the above E. None of the above

Business