The JIT Philosophy Concept Cannot Be Implemented Successfully Without Total

question 47

Multiple Choice

The JIT philosophy concept cannot be implemented successfully without total support from ______________.

• A) all involved
• B) all employees
• C) top management
• D) middle management
• E) the purchasing department

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Definitions:

Risk-Free Asset

An investment that is expected to deliver its return with certainty, with government bonds often considered as the closest example.

Risky Portfolio

An investment portfolio that contains assets with higher volatility and potential for significant variations in returns, offering the possibility of higher gains at the risk of greater losses.

Expected Rate of Return

The average return that an investor anticipates to earn on an investment, considering all potential outcomes and their probabilities.

Expected Return

The weighted average of all possible returns for a given investment, considering the probabilities of each outcome.