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

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Definitions:

Union Representatives

Individuals elected or appointed to act on behalf of and protect the rights of union members in dealings with employers.

HR Function

A strategic and coherent approach to the management of an organization's most valued assets - its people, involving recruitment, staffing, training and development, performance management, and employee relations.

Employment at Will

A legal doctrine indicating that an employer can terminate an employee at any time without cause, and vice versa, except when constrained by contracts or specific laws.

Layoffs

The act of temporarily or permanently removing employees from their positions, usually due to economic downturns, financial struggles, or organizational restructuring.