Just-In-Time Production Techniques

question 69

Multiple Choice

Just-in-time production techniques:

• A)Require inventory buffers between work centers.
• B)Were first utilized by U.S.manufacturers and later exported to Japan.
• C)Produce goods for inventory with the hope that demand for these goods will then be created.
• D)Require a high degree of cooperation and coordination between supplier and manufacturer.

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Definitions:

Evaluation

The systematic assessment of the value, performance, or quality of a plan or entity.

Straight-line Depreciation

A technique for distributing the expense of a physical asset uniformly throughout its estimated useful duration.

Annual Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue in a fiscal year.

Tax Rate

The segment of an individual's or corporate's earnings or profits that is taxed.