It Is Said That One of the Benefits of the Just-In-Time

question 29

Essay

It is said that one of the benefits of the Just-In-Time (JIT)system is that it can't hide defective products.What does this mean?

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Definitions:

Direct Method

An accounting method used to allocate service department costs directly to producing departments without any intermediate allocation.

Operating Activities

Operating activities involve the primary, day-to-day activities that a company engages in to generate revenue, such as sales, provision of services, and production.

Credit Sales

Sales made on credit, where the payment is received after the delivery of the goods or services.

Cash Dividends

Cash dividends are payments made by a company out of its profits to shareholders, distributed in cash, representing a share of the corporation's earnings.