JIT Flexibility Refers to

question 126

Multiple Choice

JIT flexibility refers to

• A) ability to modify sales figures
• B) correct the bull whip effect
• C) increase or decrease supplier deliveries on short notice
• D) workers being able to perform many different tasks
• E) managers being able to shift positions easy

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Definitions:

Marginal Tax Rate

The rate of tax that applies to the last dollar of the taxpayer's income, affecting additional income earned.

Salvage Value

The projected value at which an asset can be sold after its usage period has ended.

Net Investment

The total amount of money spent on acquiring or maintaining fixed assets after accounting for depreciation.

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation applied in the U.S. to determine the tax-deductible value of assets over time.