For Just-In-Time Systems, It Is Essential That Manufacturers Develop Relationships

question 90

True/False

For just-in-time systems, it is essential that manufacturers develop relationships with suppliers that are very reliable, and that can guarantee quick deliveries of materials in small quantities.

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Definitions:

Financing Statement

A document, usually a multicopy form, filed in a public office serving as constructive notice to the world that a creditor claims a security interest in collateral that belongs to a certain named debtor.

State Statute

Laws enacted by the legislative bodies of individual states that govern within the state's boundaries, differing from federal statutes which apply across the United States.

Filed

The act of submitting documents officially to a designated authority or office for the purpose of record-keeping and review.

Perfection Method

Legal procedures used to establish a secured party's rights in a collateral against third parties, especially in bankruptcy.