The Concept "Just-In-Time" (JIT) Works Well If a Company Works

question 291

True/False

The concept "Just-In-Time" (JIT) works well if a company works with lots of suppliers. It also helps avoid the breakdowns that occur when operating with an enterprise resource planning system.

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Definitions:

Cumulative

Refers to an overall amount that includes all accumulated adjustments, additions, charges, and other relevant items over a period.

Preferred Stock

Type of stock that provides dividends before common stock and carries no voting rights, offering a higher claim on assets and earnings.

Par Value

The nominal or face value of a bond, stock, or coupon as stated in the financial instrument, which is a significant figure for calculating interest payments or dividends.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, often used in the context of bonds.