Just-In-Time Operations Attempt to Significantly Reduce

question 115

Multiple Choice

Just-in-time operations attempt to significantly reduce

• A)profits
• B)inventory needed to produce products
• C)waste and simplify the production process
• D)processing time

Comprehend different managerial accounting tools that aid in decision-making.

Understand the concepts of planning and continuous improvement in management.

Identify how managerial accounting information supports strategic marketing decisions.

Acknowledge the principles of customer orientation in marketing management.

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Definitions:

Operation Of Law

Changes in rights or ownership that occur automatically due to established legal rules, without the need for action by the parties involved.

Monetary Payments

Transfers of money from one party to another as a form of compensation or settlement.

Damages

Financial compensation ordered by a court to a plaintiff for losses suffered due to the defendant's unlawful act or negligence.

Breach Of Contract

Not meeting any condition of a contract, be it in written or oral form, without an authentic legal reason.