The Internet

question 42

Multiple Choice

The Internet:

• A) Makes it more difficult to use JIT production systems
• B) Has not affected the relationship between manufacturers and suppliers
• C) Allows suppliers to monitor their customers' inventory levels and provide new inventories just as needed
• D) Makes it more difficult to practice target costing

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Definitions:

Prices Fall

A situation in the market where the cost of goods or services decreases due to various factors such as supply and demand.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Current Consumption

The portion of income or resources that is spent on goods and services at the present time, as opposed to saving for future consumption.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased at given prices and within a given budget.