Why might it be necessary to make adjustments to the accounting system in a firm that adopts JIT?
JIT production control systems foster automation and reduced levels of inventory. Consequently, raw material inventories and direct labor costs may be too small to warrant separate cost pools-they can be combined with other cost pools.
Additional adjustments may be necessary to accommodate standard costs, which are constantly adjusted to reflect the latest technological changes in production methods. Also, more costs could be traced to specific products and fewer costs would have to be allocated.
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In a marketing plan, the ________ section identifies the history of the business and its core competencies
A) executive summary B) company description, purpose, and goals C) forecasting D) marketing situation E) marketing strategy
The period during which a surviving spouse is ineligible for Social Security benefits is referred to as the
A) emergency period. B) readjustment period. C) dependency period. D) blackout period.
Smart marketers always emphasize ________.
A. benefits, not features B. features, not benefits C. benefits, not prices D. None of these.
Emphasizing cost, quality, time, and flexibility is an effective strategic approach for operations management
Indicate whether the statement is true or false