____________________ Is a System in Which Production Inputs Arrive Just

question 39

Short Answer

____________________ is a system in which production inputs arrive just when they are needed for production rather than being stored on site.

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Definitions:

External Reporting

The process of providing financial statements and other pertinent information to outside entities, such as investors, creditors, and regulatory agencies.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showing how much profit a company makes on sales.

Net Income

The sum a company holds as profit once it has subtracted expenses and taxes from its aggregate revenue.

Net Sales

The amount of sales revenue left after deducting sales returns, allowances, and discounts.