Examlex
If the ending inventory is understated then the profit of the company will be understated.
Just In Time
A management strategy that aligns raw-material orders from suppliers directly with production schedules to increase efficiency and reduce waste.
Continuous Improvement
An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.
Quality Circles
Small groups of employees who voluntarily meet on a regular basis to identify, analyze, and solve work-related problems, typically focusing on quality improvement.
NLRA
Refers to the National Labor Relations Act of 1935, U.S. legislation that protects the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices.
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