Which of the Following Describes a System in Which Suppliers

question 161

Multiple Choice

Which of the following describes a system in which suppliers deliver materials at the time they are needed and finished units are completed when customer orders need to be filled?

• A) Supply chain management
• B) Just-in-time (JIT)
• C) Enterprise resource planning
• D) Total quality management

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected to produce a certain level of output, multiplied by the standard labor cost per hour.

Direct Labor

Labor costs that can be directly traced to the production of specific goods or services.

Standard Costs

Predetermined costs for materials, labor, and overhead, used for budgeting and measuring performance.

Hours

A unit of time equivalent to 60 minutes, often used to track time spent on activities or work performed.