With JIT Manufacturing, the Major Variable Cost Remaining Is

question 58

Multiple Choice

With JIT manufacturing, the major variable cost remaining is

• A)direct materials.
• B)overhead.
• C)inventory.
• D)direct labour.

Identify the role and challenges of central banking and monetary policy in managing the economy.

Understand the debate between using monetary policy rules versus discretionary policy.

Recognize the complexities of the political business cycle and its impact on economic policies.

Understand the effects of taxation and government policies on savings, investment, and aggregate demand.

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Definitions:

Economic Benefits

Financial advantages or gains obtained from a particular activity, investment, or decision.

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, making the individual more adept at a particular task.

Motivator-Hygiene Theory

The Motivator-Hygiene Theory, proposed by Frederick Herzberg, suggests that job satisfaction and dissatisfaction arise from two different sets of factors: motivators, which can create job satisfaction, and hygiene factors, which can prevent dissatisfaction but not necessarily create satisfaction.

Job Content

The specific tasks, responsibilities, and duties that make up a particular job.