Although There Are Some Similarities Between JIT and MRP,identify One

question 37

Multiple Choice

Although there are some similarities between JIT and MRP,identify one major difference below.

• A)production scheduling
• B)reducing the opportunity for inventory theft
• C)reducing inventory carrying costs
• D)requires more analysis than EOQ

Understand the unique buying objectives and practices of nonprofit organizations and government agencies.

Recognize the importance of diversity in suppliers and the reasons companies emphasize buying from minority- and women-owned businesses.

Comprehend the concept and benefits of supplier development and how it enhances supplier capabilities.

Understand the characteristics of organizational buyer-seller relationships, including long-term contracts and negotiations.

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Definitions:

Reduced Earnings

A decrease in the net income that a company generates over a defined period compared to past performances.

Flexible Working Hours

Flexible Working Hours refer to work schedules that allow employees some choice in determining when they begin and end their working days, offering adaptability to meet personal needs and improve work-life balance.

Greater Absenteeism

A higher frequency of absence from work or duties, which can be an indicator of dissatisfaction, health issues, or personal problems among employees.

Tardiness

The act of being late or delayed beyond the expected or scheduled time, often viewed negatively in work and educational settings.