Just-In-Time (JIT) Delivery

question 183

Multiple Choice

Just-in-time (JIT) delivery:

• A) Increases physical distribution costs for business customers.
• B) Requires that a supplier be able to respond to the customer's production schedule.
• C) Usually does not require e-commerce order systems and computer networks.
• D) Means that deliveries are larger and less frequent.
• E) Shifts greater responsibility for physical distribution activities from the supplier to the business customer.

Calculate contribution margin per unit, contribution margin ratio, and variable expense ratio.

Forecast net operating income based on changes in sales volume, selling price, variable costs, and fixed costs.

Calculate the margin of safety in dollars and percentage.

Apply changes in the business environment (e.g., sales incentives, price changes, advertising budget adjustments) to predict their effect on net operating income.

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Definitions:

Aseptic Technique

Practices and procedures used to prevent contamination from pathogens, typically in medical and clinical settings.

Contamination

The presence of unwanted substances or pollutants in a material, environment, or product, leading to potential harm or pollution.

Anesthetic

A substance that induces insensitivity to pain, temporary loss of sensation or awareness; used during surgical and dental procedures.

Hand Antiseptics

Agents applied to the hands to eliminate or reduce harmful microorganisms, enhancing hygiene and preventing infection.