This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is true of just-in-time (JIT) purchasing? (Read 60 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Mar 6, 2021

Question 1

Which of the following is not a reason why a company would adopt JIT purchasing practices?
◦ high shrinkage costs
◦ low ordering costs
◦ low carrying costs of inventory
◦ reliable supply chains

Question 2

Which of the following statements is true of just-in-time (JIT) purchasing?
◦ In JIT purchasing, the optimal safety-stock level is the quantity of safety stock that minimizes the sum of annual relevant stockout and carrying costs.
◦ JIT purchasing is guided solely by the EOQ model because that model emphasizes the tradeoff between relevant carrying and ordering costs.
◦ In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales.
◦ Only disadvantage of JIT purchasing is the higher level carrying and inspection costs.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by APUS57 on Mar 6, 2021

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


APUS57

  • Member
  • Posts: 571
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Time Slows Down Near Matter Time Slows Down Near Matter
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Milankovitch cycles interact over time Milankovitch cycles interact over time
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
Grand Funk Railroad - Bad Time Grand Funk Railroad - Bad Time
Video: B cells and antibodies

For a complete list of videos, visit our video library