Just-In-Time Systems

question 161

Multiple Choice

Just-in-time systems:

• A) usually reduce PD costs for business customers.
• B) usually increase PD costs for suppliers.
• C) usually shift less responsibility for PD to business customers.
• D) shift more responsibility for PD to suppliers.
• E) All of the above.

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Definitions:

Risk-free Investment

An investment which is thought to have no risk of financial loss, though in reality, such an investment is virtually nonexistent.

Expected Rate of Return

The weighted average of all possible returns for an investment, accounting for the probability of each outcome.

Economic States

Various conditions describing the performance of an economy, such as growth, recession, or stability.

Arithmetic Average

The sum of values divided by the number of values, used for calculating the mean.