Just-In-Time

question 85

Multiple Choice

Just-in-time

• A)the costs of not having a product available when demanded by a customer
• B)the costs of carrying inventory
• C)approach that maintains goods should be pulled through the system by present demand
• D)the number of units in the order quantity that minimizes the total cost
• E)the costs of placing and receiving an order

---

Definitions:

Withholding Allowance

the portion of an employee's income that is not subject to tax withholding by the employer, typically used to calculate the amount of income tax withheld from a paycheck.

Federal Income Tax

A charge imposed by the national government on the yearly income of individuals, corporations, trusts, and various legal bodies.

Gross Earnings

The total amount of revenue or income earned by an individual or business before any deductions or taxes are applied.

Net Pay

The amount of money an employee takes home after deductions like taxes and retirement contributions have been subtracted.