If a Company Employs JIT Inventory Techniques, Which Statement Is

question 102

Multiple Choice

If a company employs JIT inventory techniques, which statement is true?

• A)Variable and full costing income will differ very little since there is almost no inventory on hand.
• B)Variable and full costing income will differ very little since there are almost no fixed costs incurred on production.
• C)Variable and full costing income will differ greatly since actual costs are difficult to determine.
• D)Variable and full costing income will differ greatly since there will be a large difference between gross margin and contribution margin.

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Definitions:

Positive Communication

The practice of conveying messages in a constructive, encouraging, and optimistic manner to foster effective interpersonal interactions.

Harmonious

Describes a situation or combination of elements that are in a coherent and pleasing arrangement, often in reference to sound or music.

Rapport

A positive relationship based on mutual trust, understanding, and emotional affinity.

Imposes

To enforce or apply an authority or rule upon others, often without their consent.