Which of the Following Sets Just-In-Time Systems Apart from Traditional

question 103

Multiple Choice

Which of the following sets just-in-time systems apart from traditional manufacturing systems?

• A)Cost of goods sold includes all manufacturing cost.
• B)Materials are purchased only as they are needed to manufacture goods.
• C)Cost of goods sold is not calculated.
• D)It can be used in conjunction with activity based costing.

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Definitions:

Genuinely Agreed

Describes a situation where parties involved in an agreement or contract have a mutual understanding and acceptance of the terms without duress or deception.

Unilateral Mistake

A mistake that occurs when one party to a contract is mistaken as to a material fact.

Relief

Aid or assistance offered to alleviate hardship or distress in various contexts, such as financial relief or emergency relief efforts.

Unilateral Mistake

A misunderstanding or error made by one party in a contract, which does not necessarily void the contract unless it significantly affects the terms.