When Automakers Adopted Just-In-Time Manufacturing and Inventory Systems,the Only Way

question 15

Multiple Choice

When automakers adopted just-in-time manufacturing and inventory systems,the only way to meet the logistic challenges for the tire industry was to ________.

• A)shift manufacturing overseas
• B)decrease the sales force domestically
• C)resort to innovative marketing techniques
• D)raise prices

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Definitions:

Statement of Cash Flows

A Statement of Cash Flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, indicating the net profit or loss.

Adjusted Trial Balance

A financial statement that displays all balances of accounts after adjusting entries have been made at the end of an accounting period, ensuring the ledger's accuracy.

Navigation Bar

A user interface element within websites and applications that provides links to the major sections of the website, facilitating easy access and browsing.