In a Just-In-Time Inventory System

question 107

Multiple Choice

In a just-in-time inventory system,

• A)practical standards become ideal standards.
• B)ideal standards become expected standards.
• C)variances will not occur because of the zero-defects basis of JIT.
• D)standard costing cannot be useD.

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Definitions:

Kruskal-Wallis Test

A non-parametric statistical test that compares three or more independent samples to determine if at least one sample distribution stochastically dominates one other sample.

Critical Value

A threshold value used in hypothesis testing which separates the region where the null hypothesis is rejected from the region where it is not rejected.

Kruskal-Wallis Test

A nonparametric method for testing whether samples originate from the same distribution, used when the ANOVA assumptions are not met.

Independent Samples

Are samples where the selection of one sample has no impact on the selection of another, typically required in comparative studies.