With Regard to Suppliers,JIT Systems Typically Involve

question 19

Multiple Choice

With regard to suppliers,JIT systems typically involve:

• A) delivery of large lots on short notice.
• B) the highest quality at the lowest price.
• C) collaborating to ensure on-time delivery.
• D) multiple suppliers to purchase from.
• E) all of the choices.

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Definitions:

Material Misrepresentation

An untrue assertion of fact by one individual to another that leads to the latter being persuaded into a agreement.

Affirmative Disclosure

The requirement for parties, especially in commercial transactions, to proactively share relevant information, rather than merely avoiding falsehoods.

FTC

The Federal Trade Commission, a United States government agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

TV Advertisements

Commercial messages aired on television, designed to promote the sale of products or services to viewers.