Examlex
Each of the situations in A through C below applies to one of the assumptions or principles included in the conceptual framework of accounting. Identify which assumption or principles applies and explain why that assumption or principle applies.
Just-In-Time Manufacturing
A production strategy that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed.
Globalization
The evolution of an integrated and interdependent world economy.
Big Data
Large and complex data sets that require advanced tools and methodologies for analysis, processing, and storage.
Data Analysis
The process of examining, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.
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