Which One of the Following Is Not a Characteristic of JIT

question 48

Multiple Choice

Which one of the following is not a characteristic of JIT systems?

• A) strong job specialization
• B) empowerment of employees
• C) training
• D) on time quality deliveries

Define and distinguish between natural monopolies and their regulation alternatives.

Evaluate the effectiveness of antitrust laws in preventing and breaking up monopolies.

Describe the historical evolution and the significance of antitrust laws in the United States.

Understand the nature and regulation of mergers, including horizontal, vertical, and conglomerate types.

---

Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting costs of goods sold.

Inventory Valuation Method

The approach used to calculate the cost of inventory that a business has sold or currently holds, influencing financial reporting and tax calculations.

Disclosure

Disclosure refers to the process of making essential information known to the public or to specific parties, often as a requirement in financial and legal activities.

FIFO

An inventory valuation method, "First-In, First-Out", where goods first bought are the first to be sold.