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Which of the Following Is Not an Element of JIT

question 22

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Which of the following is not an element of JIT?


Definitions:

Monthly Billing

A billing system where charges for services or goods are invoiced or billed on a monthly basis.

Statute of Limitations

A law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Collection Suit

A legal action taken by creditors to collect unpaid debts from a debtor through the court system.

Minor

Anyone under the age of majority—18 in most states, 21 in some jurisdictions.

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