The ________ Policy Seeks to Have Production Inputs Delivered to the Manufacturing

question 22

Multiple Choice

The ________ policy seeks to have production inputs delivered to the manufacturing site just as they are needed.

• A) BOM
• B) JIT
• C) MPS
• D) MRP

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Definitions:

Accumulated Depreciation

This represents the total amount of depreciation expense that has been charged against a fixed asset since it was put into use.

Salvage Value

The approximate salvage worth of an asset at its lifespan's conclusion.

Freight Charges

Freight charges are the costs incurred by a company for transporting goods, merchandise, or commodities from one place to another.

Straight-Line Basis

The straight-line basis is a method of calculating depreciation and amortization, dividing the cost of an asset evenly over its useful life.