When Production Materials Arrive from Suppliers as They Are Required,it

question 32

Multiple Choice

When production materials arrive from suppliers as they are required,it is called __________ scheduling.

• A) on time
• B) almost on time
• C) strategic
• D) just-in-time

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Definitions:

Futures Price

The agreed upon price for the future delivery of assets such as commodities or financial instruments, set in a futures contract.

Contract Maturity

The designated date on which the principal amount of a financial instrument such as a bond, loan, or futures contract becomes due and payable.

August Futures Contract

A standardized contract to buy or sell a specific commodity or financial instrument at a predetermined price at a specified time in August.

Ethanol

A renewable fuel made from various plant materials, used as an additive to gasoline to reduce emissions.