The Concept of ________ Was Taken One Step Further in JIT

question 3

Multiple Choice

The concept of ________ was taken one step further in JIT II,in which vendor sales representatives usually have desks next to the purchasing company's factory floor,attend production status meetings,visit the R&D lab,and analyze the purchasing company's sales forecasts.

• A) multiple sourcing
• B) outsourcing
• C) sole sourcing
• D) parallel sourcing
• E) all of the above

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Definitions:

Catering Supplies

Items and ingredients purchased and used in the operation of a catering service, encompassing food, beverages, and non-food items like utensils and napkins.

Spending Variance

The difference between the actual amount spent and the budgeted amount for any category of expenses over a specific period.

Jobs

In accounting and manufacturing, specific units or batches of work that can be individually costed and tracked.

Administrative Expenses

Costs related to the general operation of a business, which are not directly tied to production or sales, such as salaries of administrative personnel and office supplies.