Answer:
Letter C is correct. <u>Just in time management.</u>
Explanation:
The just in time management system corresponds to a system whose focus is the elimination of waste in organizational processes, so its fundamental principle is lean production according to demand, so that there is greater speed and there is no stock formation and so that the product reaches the consumer in the right place at the right time.
This management system is very advantageous because it promotes the continuous improvement of organizational processes, in addition to reducing losses resulting from waste, which generates several benefits for a company, such as increasing the speed of the production process and reducing inventory costs, which generates a positive consequence in the entire production chain.
Answer:
Arnett should include shipments 2 and 3 in their inventory
Explanation:
merchandise inventory: $82,600
- shipment 1: $6,400 FOB destination NOT INCLUDED IN INVENTORY
- shipment 2: $6,600 FOB destination to a customer ⇒ INCLUDED IN INVENTORY
- shipment 3: $5,200 FOB shipping point ⇒ INCLUDED IN INVENTORY
- shipment 4: $4,300 FOB shipping point to a customer NOT INCLUDED IN INVENTORY
Arnett should include shipments 2 and 3 in their inventory, so their total inventory should be $82,600 + $6,600 + $5,200 = $94,400
FOB destination means that the title of the goods belongs to the seller until the shipment reaches the customer's warehouse. So shipment 2 still belongs to Arnett until it reaches its customer's warehouse.
FOB shipping point means that the title of the goods belongs to the buyer immediately after the goods left the seller's warehouse. So shipment 3 belongs to Arnett as soon as it left the supplier's warehouse.
Answer:
- Government controls industry through policy
- Government is both a consumer and a producer
- Government can use policy to influence the economy.
Explanation:
The government can use fiscal policy to influence the economy. It adjusts taxes and spending to direct the economy in the desired direction.
As an institution, the government is a big spender in any economy. Government spending determines the level of production and consumption, which are key macroeconomic indicators.
The government influences the monetary policies in place. By directing the monetary policies, the government controls the borrowing and expansion of businesses and industries.
Answer:
Question 1
Individuals with higher education levels have less propensity to commit crime for many reasons.
First of all, they are higher-skilled individuals, which means that demand for their labor is higher, because they are more desirable to employees. This means that they are likely to earn incomes high enough to avoid committing crime as a form of economic survival.
Question 2
Many people have put in question the idea of going to college these days, and there are valid points to this. For example, it is true that going to college represents important opportunity costs: not being able to work full-time while attending classes, and forgoing that salary, and also the costs associated with the student debt.
However, statistics show that college-graduates earn significantly more than non-college educated people, meaning that the benefits of college education will be lower than the benefits as long as the time preference of the students is long-term enough.