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Just-In-Time (JIT)systems Are Used to Manage and Control Inventory Systems

question 19

True/False

Just-in-time (JIT)systems are used to manage and control inventory systems in order to ensure the timely delivery of products or services and all related inputs.


Definitions:

Foreign Exchange Market

The Foreign Exchange Market is a global decentralized or over-the-counter market for trading currencies, determining the foreign exchange rates for every currency.

Depreciates

Refers to the decrease in value of an asset over time due to wear and tear, obsolescence, or age.

Canadian Dollar

The official currency of Canada, represented by the symbol CAD or the dollar sign $, sometimes with CA$ to distinguish from other dollar-denominated currencies.

Exchange Rate Risk

The potential for investors or businesses to experience losses due to changes in the currency exchange rates affecting the value of their investments or transactions.

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