Which of the following statements is true regarding the lean production and just-in-time (JIT) manufacturing systems?

A) Customers are often less satisfied with the purchased product.
B) The number of product defects often increases.
C) The number of suppliers the company can purchase raw materials from, often increases.
D) The factory is often restructured where dissimilar machines are grouped together.


D

Business

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A company has goods available for sale of $250,000 at retail and $175,000 at cost. It also had sales of $210,000 for the period. What is the estimated cost of ending inventory, using the retail method?

a. $38,000 b. $28,000 c. $40,000 d. $63,000

Business

Leader ________ refers to the notion that what people do is more important than their personality traits.

A. emergence B. efficacy C. substitution D. efficiency E. effectiveness

Business

What are websites that rely on user participation and user-contributed content, such as Facebook, LinkedIn, and YouTube?

A. Social networking B. Synchronous communication C. Asynchronous communication D. Social media

Business

In a simple linear model, testing whether the slope of the population regression line is zero is the same as testing whether or not the population ____________________ equals zero

Fill in the blank(s) with correct word

Business