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madam [21]
3 years ago
15

Levenworth Company incurs unnecessary costs each period because of the excess quantities of inventory maintained to meet unexpec

ted customer demand. The costs of inventory financing, storage, supervision, and obsolescence could most likely be reduced by which of the following practices?
A. Total quality management
B .Activity-based costing
C. Just-in-time inventory
D. Benchmarking
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

The correct answer is C

Explanation:

JIT termed or stand for the Just in Time Inventory, it is a strategy or the plan of action, which is to increase the efficiency and decrease the waste through receiving the goods only as they are required in the process of the production, thereby decreasing the inventory costs.

So, the costs of the obsolescence, inventory financing and storage supervision could be decreased through the practice of the JIT (Just-in-time inventory).

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How to produce resources

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Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inve
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Answer:

$133,100

Explanation:

Given that,

Finished goods inventory, April 1 = $33,400

Finished goods inventory, April 30 = $27,300

Total cost of goods manufactured = $127,000

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= Cost of goods manufactured + Beginning Finished goods inventory - Ending Finished goods inventory

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= $133,100

Therefore, the cost of goods sold for April is $133,100.

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What is a semi-independent business that pays fees to a parent company in return for the exclusive right to sell a certain produ
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in systems theory, the concept of openness is illustrated by which of the following? a. mcdonalds employees are encouraged to be
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In system theory, the concept of opennes is illustrated when<u> McDonalds actively takes in resources from the environment and returns products to it (D).</u>

System theory appracch is the view of an organization as an open social system which has to have interaction with its environment in order to survive. System theory approach realizes that environment provides many essential resources, such as customers, suppliers, employees, shareholders, and also government.

Katz and Kahn suggested the Open-system approach and stated that organizational behaviours could be identified by maping the repeated cycle of input, throughput, output and feedback between an organization and its external environment. The environment provides input either in the form information or resources. The system then process the input and produce output which then release back into the environment. The system will seek feedback from the environment relatede to the output.

In McDonalds case, the implementation of opennes in system theory is illustrated when McDonalds actively takes in resources from the environment and returns products to it.

Learn more about System Theory here: brainly.com/question/28278157

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1 year ago
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