In the JIT Philosophy,the Smaller the Lot Size,the Better

question 49

True/False

In the JIT philosophy,the smaller the lot size,the better.

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Definitions:

Accounts Receivables

Sums due to a company from its clients for products or services provided but not yet compensated for.

Factor

A financial intermediary that purchases receivables from businesses, providing them with immediate cash flow.

Sale of Receivables

The process of selling outstanding invoices to a third party in order to receive immediate payment.

Allowance for Doubtful Accounts

An accounting estimate for the portion of accounts receivable that may not be collectible.