Just-In-Time Processing Is a Business Philosophy That Focuses on Reducing

question 114

Multiple Choice

Just-in-time processing is a business philosophy that focuses on reducing time and cost and eliminating poor quality.One of the ways in which this is accomplished in manufacturing and nonmanufacturing processes is by:

• A)moving a product from process to process as each function is completed.
• B)combining processing functions into work centers and cross-training workers to perform more than one function.
• C)having production supervisors attempt to enter enough materials into manufacturing to keep all manufacturing departments operating.
• D)having workers typically perform one function on a continuous basis.

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Definitions:

Yield to Maturity

Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures, considering all payments from now until maturity, including coupon payments and the difference between the purchase price and the par value.

Coupon Rate

The annual interest rate paid on a bond, expressed as a percentage of the face value, to the bondholders.

Face Value

Face value is the nominal value stated on a financial instrument such as a bond or a stock certificate, important in determining its maturity value or dividend payments.

Required Rate

The minimum expected rate of return on an investment, necessary to compensate for the risk taken.