Cost Savings from Just-In-Time (JIT) Inventory Management Include(s)

question 124

Multiple Choice

Cost savings from Just-In-Time (JIT) inventory management include(s)

• A) reduced overhead expenses.
• B) lower inventory financing costs.
• C) greater productivity.
• D) All of the options are true.

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Definitions:

Non-Current Section

A section of the balance sheet that lists long-term liabilities and assets that are not expected to be liquidated or paid off within one year.

Long-Term Investments

Investments in securities, bonds, real estate, or other assets intended to be held for a period exceeding one year for capital gains, dividends, or interest earnings.

Balance Sheet

A summary report of a corporation’s assets, liabilities, and the owners’ equity as recorded at a specific moment in time.

Stock Investments

Securities representing ownership in a corporation or financial assets bought with the expectation they will generate a return.