Which of the Following Is an Example of a JIT

question 89

Multiple Choice

Which of the following is an example of a JIT system shifting responsibility for PD activities backward in a distribution channel?

• A) A paint supplier is highly efficient at controlling logistics costs. Products are distributed at a high customer service level.
• B) An ice cream chain makes its own ice cream at each of its retail sites. Its customers are highly pleased with the product.
• C) A wholesale appliance distributer is inefficient at controlling logistics costs. It develops a reputation for low customer service levels.
• D) A book retailer is more efficient than its suppliers at controlling PD costs. Products are distributed at an acceptable customer service level.
• E) An automotive parts supplier is less efficient than its retail customers at controlling logistics costs. Products are distributed at a high customer service level.

Understand the historical significance of key publications and movements in sparking environmental awareness and action.

Recognize strategies and programs aimed at reducing environmental impact, including emissions and pollution control.

Evaluate the benefits and potential concerns associated with genetically-modified seeds.

Understand how lakes interact with the groundwater system.

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Definitions:

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services purchased on credit.

Notes Payable

A financial liability on a company's balance sheet representing promissory notes that require future payments of principal and possibly interest.

Maturity Value

The amount due to the owner of a financial instrument at its maturity date, including principal and interest.

Default

Failure of maker to pay the maturity value of a note when due.