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NEW QUESTION: 1
___________ result from a failure to follow the logic of a series of statements.
A. Deductive fallacies
B. Inductive fallacies
C. None of These
D. Corrective controls
Answer: A
NEW QUESTION: 2
A. Option E
B. Option A
C. Option C
D. Option F
E. Option D
F. Option B
Answer: A,C,E
NEW QUESTION: 3
Companies that adopt just-in-time purchasing systems often experience:
A. An increase in carrying costs.
B. A greater need for inspection of goods as the goods arrive.
C. A reduction in the number of suppliers.
D. Less need for linkage with a vendor's computerized order entry system.
Answer: C
Explanation:
The objective of JIT is to reduce carrying costs by eliminating inventories and increasing the deliveries made by suppliers. Ideally, shipments of raw materials are received just in time to be incorporated into the manufacturing process. The focus of quality control under JIT is the prevention of quality problems. Quality control is shifted to the supplier. JIT companies typically do not inspect incoming goods; the assumption is that receipts are of perfect quality. Suppliers are limited to those who guarantee perfect quality and prompt delivery.
NEW QUESTION: 4
A. Option C
B. Option A
C. Option D
D. Option B
Answer: B
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