Which of the Following Is True of Just-In-Time Processing

question 55

Multiple Choice

Which of the following is true of just-in-time processing?

• A) In just-in-time processing, supervisors enter materials into manufacturing so as to keep all the manufacturing departments (processes) operating.
• B) In just-in-time processing, a worker typically performs only one function.
• C) It assigns service activities to centralized service departments.
• D) It is a management approach that focuses on reducing time and cost and eliminating poor quality.

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Definitions:

Effective Annual Rate

The interest rate on a loan or investment, adjusted for the effect of compounding over a given period.

Compounded Annual

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.

Nominal Rates

The stated interest rate on a loan or investment, not accounting for inflation or compounding effects.

Real Rates

Real rates refer to the interest rates adjusted for inflation, representing the true cost of borrowing or the real yield on an investment.