Which One of the Following Is a Characteristic of a JIT

question 40

Multiple Choice

Which one of the following is a characteristic of a JIT partnership?

• A) third-party logistics never used
• B) maximal product specifications imposed on supplier
• C) active pursuit of vertical integration
• D) removal of incoming inspection
• E) frequent deliveries in large lot quantities

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Definitions:

Relatively Large Amounts

Describes financial figures or transactions that are significant in size compared to others within the same context.

Sarbanes-Oxley

A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures, made in the wake of financial scandals.

Publicly Held Companies

Corporations whose shares are publicly traded on stock exchanges and available for purchase by the general public.

Petty Cash

A small amount of cash on hand used for covering minor expenses.