In the Quest for Competitive Advantage, Which of the Following

question 55

Multiple Choice

In the quest for competitive advantage, which of the following is a JIT requirement?

• A) small number of job classifications
• B) reduced number of vendors
• C) reduced space for inventory
• D) quality by suppliers
• E) All of the above are JIT requirements.

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Definitions:

Capital Investment

Financial allocation towards the purchase or maintenance of long-term assets such as property, plants, and equipment, with the expectation of generating future returns.

Qualitative Characteristic

A feature used to describe or categorize non-quantitative aspects of items, events, or conditions, often used in accounting and finance to evaluate factors that are not numerically based.

Internal Rate

Often referring to the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Capital Investment

Funds spent by a company to acquire or upgrade physical assets to further its long-term goals and operations.