The Methodologies and Concepts Adopted by Just-In-Time (JIT) Manufacturing Is

question 51

Multiple Choice

The methodologies and concepts adopted by just-in-time (JIT) manufacturing is very similar to:

• A)traditional manufacturing.
• B)lean manufacturing.
• C)functional-based manufacturing.
• D)activity-based manufacturing.

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Definitions:

Parent-Subsidiary Corporations

A relationship between two companies where one, the parent, controls the other, the subsidiary.

Consolidated Tax Return

A tax return that combines the tax liability of all subsidiary companies with that of the parent company, simplifying tax filing for corporate groups.

Corporate Distributions

Payments made by a corporation to its shareholders from earnings, typically in the form of dividends.

Dividends

Payments made to shareholders out of a corporation's profits.