JIT Concepts

question 77

Multiple Choice

JIT concepts

• A)can be effectively implemented in organizations that are only partially automated.
• B)are only appropriate for use with CIM systems.
• C)involve shifting from a capital-intensive to a labor-intensive process.
• D)require full computerization of the JIT manufacturing process.

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Definitions:

Company Books Adjustment

The process of altering entries in the accounting records to reflect more accurate figures or to record unrecorded transactions.

Control Environment

A collection of guidelines, procedures, and frameworks that establish the foundation for executing internal control throughout the organization.

Risk Assessment

The process of identifying, analyzing, and evaluating risks involved in a specific situation or for a project.

Control Procedures

Actions and policies implemented by an organization to ensure the integrity of its financial and operational processes.