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One of the Major Benefits of JIT Is the Elimination

question 63

Short Answer

One of the major benefits of JIT is the elimination of ______________ and ____________ inventory accounts.


Definitions:

State Incorporation Statutes

Laws established by individual states that dictate how companies can legally incorporate and operate within that state.

S Corporation

A corporation that enjoys the tax status of a partnership.

Tax Status

A classification given to an individual or entity by a governmental authority that determines how they are taxed, which can include categories such as single, married, or corporation.

Domestic

Pertaining to or occurring within a particular country; not foreign or international.

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