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Minchanka [31]
3 years ago
14

Companies that start a just-in-time inventory system are seeking to Multiple Choice reduce the size of the inventory they carry.

increase the size of the inventory they carry. maintain their normal inventory levels. avoid the need to provide customized products.
Business
1 answer:
ryzh [129]3 years ago
4 0

Answer:

reduce the size of the inventory they carry

Explanation:

just-in-time (JIT) , is a methodology aimed primarily at reducing times within production system as well as response times from suppliers and to customers. By keeping the inventory small in size the maintenance cost will be reduced

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Which of the following actions can be an example of a signal designed to reduce the impact of asymmetric information? A. A money
VladimirAG [237]

Answer: Option (A) is correct.

Explanation:

From the given options, the following actions can be an example of signal designed to reduce the impact of asymmetric information: <em>Money-back guarantee.</em>

A money-back guarantee can be referred to as an essential that guarantee, if a consumer/individual is not satisfied with commodity or service, refund to the respective account will be made. Money-back guarantee reduces the impact of asymmetric information between a consumer and seller.

5 0
3 years ago
On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. He is able to produce 4,400 bush
olasank [31]

Answer:

Option (a) is correct.

Explanation:

According to the law of diminishing marginal productivity, if there is an increase in the input in the production of a certain commodity then as a result there is an increase in the output of that commodity, initially but further increase in the input will have no impact on the output of the commodity or will have a negative impact.

In our case, when farmer hires 3rd worker, the output increases by 1,400(4,400-3,000) bushels. According to the law of diminishing marginal productivity, if he hires 4 workers then there is an increase in the output but less than the 1,400 bushels.

This condition will be satisfied in the option (a), where output increases by 1,200 bushels.

7 0
3 years ago
An agent is authorized to act on behalf of a principal in doing business with third parties. True False
bonufazy [111]

Answer:

The statement is: True.

Explanation:

In making business relationships, an agent acts as a third party that is legally authorized to establish businesses for one of the entities involved. The entity that uses the agent as an intermediary is called the principal. The agent must follow the principal's instructions avoiding to be biased by self-interest.

8 0
3 years ago
Advantages of installment paying
Fiesta28 [93]

Answer:Advantages of installment payment for your big-ticket spending

Installment allows you to spend smart. If you have the funds, you can always purchase and pay in full. ...

You can make unexpected purchases or payments without putting a dent on your budget. ...

You get to track your finances better. ...

It enables you to stretch the cost of your purchases over a manageable period of time

Explanation:

8 0
3 years ago
Bob, age 17, has entered into a contract to buy a car. The contract is: a. voidable. b. void. c. voidable only if Bob can return
AysviL [449]

Answer:

The correct answer is letter "A": voidable.

Explanation:

Voidable contracts are those that cannot be enforced because one or the two parties involved are not legally eligible to go on in such an agreement. Reasons to void a contract include but are not limited to failure to disclose material facts, legal incapacity to enter a contract or inconsistent contractual terms.

Thus, <em>Bob's contract to purchase a car is voidable since he is legally incapable of signing agreements due to his age (17 years old).</em>

4 0
3 years ago
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