In a JIT System,long-Term Relationships with Suppliers Are Unusual

question 30

True/False

In a JIT system,long-term relationships with suppliers are unusual.

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Definitions:

Specified Exercise Price

The predetermined price per share at which the holder of an option can buy (call option) or sell (put option) the underlying security.

Specified Expiration Date

The predetermined date on which an options or futures contract expires, determining the last day it can be exercised or traded.

Bond Equivalent Yield

is a calculation for converting the yield on a short-term, discount-based security into an annual yield that is comparable to those of bonds, to facilitate comparison among various securities.

Bank Discount Quote

A method of quoting the price of a short-term money market instrument, like a Treasury bill, as a discount from its face value, not taking into account compound interest.