Which Term Listed Below Describes a System Where Companies Purchase

question 222

Multiple Choice

Which term listed below describes a system where companies purchase raw materials when needed in production and complete finished goods when needed by customers?

• A)Internal failure costs
• B)Backflush costing
• C)Just-in-time
• D)External failure costs

---

Definitions:

Outgoing Person

An individual characterized by a sociable, extroverted, and often friendly demeanor, making them adept at interacting with others.

Terminal Value

In finance, it represents the estimated value of a business or project beyond the forecast period when future cash flows can be estimated. In ethics, it refers to the inherent value that an end action or state possesses in itself.

Social Respect

The regard and consideration shown by individuals or societies toward others based on perceived value or status.

Attitude-improving Feedback

Constructive feedback aimed at encouraging positive changes in someone's behavior or outlook.