Community Colleges ______

question 3

Multiple Choice

Community colleges ______.

• A) are quite competitive with 4-year public colleges in terms of the percent of students who complete degree requirements
• B) tend to produce graduates who enjoy higher annual earnings than graduates of 4-year public colleges
• C) have yearly average costs that are significantly lower than 4-year public colleges
• D) All of these choices are correct.

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Definitions:

Just in Time

An inventory management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.

Inventory Management

The process of ordering, storing, and using a company's inventory, including the management of raw materials, components, and finished products.

Quick Response (QR)

A type of matrix barcode that can be scanned using a smartphone or QR code reader to provide access to information, such as websites or payment platforms.

Distribution Center

A facility that houses products for storage and redistribution to retailers, wholesalers, or directly to consumers, optimizing the supply chain.