Similar to manufacturing, services use methods that add value to the raw materials required to make the finished product. JIT emphasizes the process rather than the end result. Therefore, it may be applied to any set of processes, whether they are involved in manufacturing or providing services.
In the context of the industrial and service industries, the Just in Time (JIT) system: Companies use just-in-time (JIT) inventory strategies to boost productivity and cut waste by only ordering products when they are actually needed for manufacturing, which lowers inventory expenses.
Between service and manufacturing organizations, there are five key differences: the tangible nature of their output; production on demand or for inventory; production tailored to the needs of a particular customer; labour-intensive or automated operations; and the requirement for a physical production location.
In reality, though, service and industrial firms have a lot in common. Many manufacturers have their own service departments, and both industries need trained workers to run a successful organization.
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Answer: Under the Equal Pay Act: <u>"d. Wage differentials based on a seniority system are allowed.".</u>
Explanation: The Equal Pay Act states that no employer should discriminate based on sex when paying wages for equal work in jobs But that wage differences can be established according to an seniority system (is allowed).
<h3>What Is Market Timing?</h3>
Market timing is the act of moving investment funds into or out of financial markets – or moving funds between asset classes – based on predictive methods. If an investor can predict when the market will go up and down, they can trade to turn that market movement into a profit.
<h3>What is security selection?</h3>
Security selection is the process of determining which financial stocks to include in a particular portfolio. Good stock picks can generate profits during market ups and downs and climate losses during bear markets.
Security selection implies picking individual stocks that the fund manager expects will outperform the market as a whole. Market timing implies betting on systematic risk factors. We see that Swedish equity mutual funds engage in both these types of active behaviour.
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Answer:
Technology has made our lives simpler and easy. With the help of technology we can stay connected even if we live miles away from our close ones. But on the other hand it also separates us from the real world.
There are pros and cons of everything and technology can also be said as curse and boon for our society. Excessive use of anything can be harmful. With the increasing technological advancement there is increase in crimes as well.
<u>Pay of Malik Boykin:</u>
Step 1:
Adding the total hours for each week:
Week of 3/10 = 5.5+6+9+12+7 = 39.5
Week of 3/17 = 8+8.5+9+13+4.5+4 = 47
Step 2:
Any sum of 40 hours or less gets multiplied by the hourly salary:
Week of 3/10: 
- That's the pay for that week
Week of 3/17: 
Step 3:
For hours worked over 40 the salary is 1.5 times the normal salary:
Now multiply the hours over 40 for that week by the time and a half:
And adding it to the 
we get,
Therefore, Week of 3/10: 
and Week of 3/17: 
