Which of the Following Pertains to a Just-In-Time Production System

question 24

Multiple Choice

Which of the following pertains to a just-in-time production system?

• A) An individual does fewer tasks than under a traditional system.
• B) Materials and Work in process are combined into a single account.
• C) Units are produced in larger batches than under a traditional system.
• D) Direct labor costs are recorded in their own separate account.

Understand the significance of the Columbian Exchange on global history.

Examine the role of key individuals and innovations in shaping the New World exploration and colonization.

Understand the effects of European diseases on Native American populations.

Recognize the development and impact of early capitalism and joint stock companies on exploration and colonization.

---

Definitions:

Direct Materials

Raw materials that can be directly traced to the production of a specific product and are a significant portion of the product cost.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, usually to ensure liquidity.

Manufacturing Budget

A planned budget for manufacturing operations, detailing the projected costs associated with production.

Traditional Budgeting

An approach to budgeting focusing on incremental changes to the previous year's budget rather than starting from zero.