How Have Many Companies Significantly Lowered Inventory Levels and Costs

question 76

Multiple Choice

How have many companies significantly lowered inventory levels and costs?

• A) They use activity-based costing.
• B) They utilize a balanced scorecard system.
• C) They have a just-in-time method.
• D) They focus on total quality management.

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Definitions:

Advertising Expenses

Costs incurred in promoting a product, service, or company through various media.

Factory Workers

Labor force employed in a factory, responsible for direct and indirect manufacturing tasks.

Manufacturing Equipment

Machinery and tools that are used in the process of producing goods.

Manufacturing Overhead

The indirect costs associated with manufacturing that are not directly tied to the production of specific goods, such as maintenance, utilities, and salaries of supervisors.