Examples of Transforming a Traditional Manufacturing Environment to a Just-In-Time

question 82

Multiple Choice

Examples of transforming a traditional manufacturing environment to a just-in-time environment is to do all of the following except

• A) form partnerships with reliable suppliers.
• B) reorganize operational processes to organized product lines.
• C) train employees to perform various operations.
• D) increase raw materials to produce more thereby increasing finished goods inventory.

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Definitions:

Capital Budgeting

The procedure of appraising and opting for long-term investments consistent with the goal of increasing the wealth of shareholders.

Straight-Line Depreciation

This refers to a method where the cost of a fixed asset is evenly reduced over its useful life.

Capital Budgeting

The process of making investment decisions in long-term assets and projects, evaluating their potential costs and benefits to ensure the most financially beneficial investments are made.

Straight-Line Depreciation

A technique for distributing an asset's cost uniformly across its lifespan.