In  a Just in Time (JIT)inventory System: ​

question 196

Multiple Choice

In  a Just in Time (JIT) inventory system: ​

• A)Suppliers to deliver inventory just prior to use in production ​
• B)Manufacturers eliminate inventory putting the responsibility of carrying inventory onto the ir suppliers ​
• C)Works for manufacturers of all sizes ​
• D)All of the above​
• E)A & B only​
• F)B & C only​

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Definitions:

Limited Partnership Agreement

A contract among partners in which some are liable only up to the amount of their investments while others are fully liable.

Limited Partners

Investors in a limited partnership who contribute capital but do not participate in management and whose liability for the partnership's debts is limited to their investment.

General Partners

Individuals in a partnership who share unlimited personal liability for the debts and obligations of the business, and who typically take part in managing the operations of the partnership.

Written Partnership Agreement

A legal document outlining the terms, conditions, and operational aspects of a partnership between two or more individuals or entities.