If a Company Employs JIT Inventory Techniques, Which Statement Is

question 102

Multiple Choice

If a company employs JIT inventory techniques, which statement is true?

• A)Variable and full costing income will differ very little since there is almost no inventory on hand.
• B)Variable and full costing income will differ very little since there are almost no fixed costs incurred on production.
• C)Variable and full costing income will differ greatly since actual costs are difficult to determine.
• D)Variable and full costing income will differ greatly since there will be a large difference between gross margin and contribution margin.

---

Definitions:

Expert Systems

computer systems that emulate the decision-making ability of a human expert, designed to solve complex problems by reasoning through bodies of knowledge.

Expert Algorithms

Specialized computational procedures designed by experts for efficient problem solving in specific domains.

Expert Heuristics

Decision-making shortcuts or rules of thumb used by individuals who have a high level of expertise in a particular area.

Directed Remembering

A cognitive process in which memory recall is intentionally focused on specific information or events, often guided by cues or questions.