JIT, TQM, ABM, and TOC All Make a Contribution to

question 123

Multiple Choice

JIT, TQM, ABM, and TOC all make a contribution to

• A) encourage competition.
• B) eliminate all costs.
• C) continuous improvement.
• D) assign costs differently than before.

Understand the impact of the general economic climate and lending conditions on loan acquisition.

Identify different sources of business financing and their characteristics.

Comprehend the process of determining initial capital requirements and the role of pro forma financial statements.

Understand contractual obligations associated with loans, such as covenants and compensating balances.

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Definitions:

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Inventory Turnover Ratio

An asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product.

Inventory Turns

Measures how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Dollar Amount

The numerical monetary value or total assigned to a transaction, account, or asset.