In the Quest for Competitive Advantage, Which of the Following

question 55

Multiple Choice

In the quest for competitive advantage, which of the following is a JIT requirement?

• A) small number of job classifications
• B) reduced number of vendors
• C) reduced space for inventory
• D) quality by suppliers
• E) All of the above are JIT requirements.

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Definitions:

Retained Earnings

The portion of a company's profits not distributed as dividends to shareholders, but instead reinvested in the business.

Risk-Free Rate

The theoretical return on an investment with no risk of financial loss, often represented by the yield on government securities.

Financing

The act of providing funds for business activities, making purchases, or investing.