Characteristics of Just-In-Time Partnerships Do NOT Include

question 106

Multiple Choice

Characteristics of just-in-time partnerships do NOT include:

• A) removal of in-transit inventory.
• B) large lot sizes to save on setup costs and to gain quantity discounts.
• C) long-term contracts.
• D) produce with zero defects.
• E) focus on core competencies.

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Definitions:

Operating Activities

Activities directly related to the production, sale, and delivery of a company's goods or services, reflecting its core business operations.

Indirect Method

A way of calculating cash flows from operating activities in the cash flow statement by adjusting net income for changes in non-cash accounts.

Net Decrease

A reduction in the quantity or value of something, calculated by subtracting the final figure from the initial figure.

Inventories

Quantities of goods that are held by a company for the purpose of resale or production.