Harriet Uses a Computer-Based Production Planning System by Which a Firm

question 92

Multiple Choice

Harriet uses a computer-based production planning system by which a firm can ensure that it has needed parts and materials available at the right time and place and in the correct amounts. Harriet uses:

• A) materials requirement planning.
• B) just-in-time inventory system.
• C) computer-aided manufacturing.
• D) vendor-managed inventory.

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Definitions:

Marginal Tax Rate

The percentage of tax applied to the final dollar of income, signifying the tax paid on any extra dollar earned.

Marginal Tax Rate

The rate at which the last dollar of a taxpayer's income is taxed, indicating the proportion of any additional income that will be taken in taxes.

Average Tax Rate

A calculation resulting from dividing an individual's or entity's total tax payments by their total taxable income, indicating the portion of income paid in taxes.

Federal Government

The national government of the United States, which governs at the country level, consisting of the legislative, executive, and judicial branches.