Just-In-Time (JIT)inventory Systems Can Leave Manufacturers Empty Handed If Suppliers

question 135

True/False

Just-in-time (JIT)inventory systems can leave manufacturers empty handed if suppliers can't keep up with product growth rates.

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Definitions:

Pension Liability

The amount of money a company or governmental entity is required to pay into its pension plan to satisfy future pension obligations to retired employees.

Actuary

A professional who assesses and manages the risks of financial investments, insurance policies, and other potentially risky ventures using mathematics, statistics, and financial theory.

Pension Payments

Regular payments made to retirees or their beneficiaries from a pension fund.

Actuarial Assumed Rate

The interest rate that an actuary determines to calculate the present value of future pension benefits or contributions.