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_____ Seeks to Improve Forecast Accuracy,optimize Production Scheduling,reduce Working Capital

question 24

Multiple Choice

_____ seeks to improve forecast accuracy,optimize production scheduling,reduce working capital costs,shorten cycle times,cut transportation costs,and improve customer service;while _____ helps obtain materials and manage physical flows from suppliers through downstream distribution to ensure that customers receive the right products at the right location,time,and cost.

Understand different aspect of employment law such as statutory legislation, common law, and case law.

Recognize the legal ramifications of workplace decisions and actions, including constructive dismissal and wrongful dismissal.

Identify the legal protections and obligations related to off-duty conduct.

Understand the role of arbitration, mediation, and conciliation in employment disputes.

Definitions:

Price Leadership

One firm, often the dominant firm in an oligopolistic industry, raises or lowers price, and the other firms quickly match the new price.

Concentration Ratio

A measure used in economics to assess the extent of market concentration by calculating the market share of the largest firms within an industry.

Automobile Imports

Cars and other vehicles brought into a country from abroad for sale, reflecting the trade and economic relations between countries.

Japanese Transplants

Foreign-owned manufacturing plants operated by Japanese companies in another country, typically for automotive production.