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krok68 [10]
3 years ago
8

One inherent risk to using lean philosophy is that companies are at higher risk of inventory shortage during volatile times such

as strikes, weather, etc. than when using the traditional philosophy.True / False.
Business
1 answer:
olganol [36]3 years ago
6 0

Answer:

True

Explanation:

As in the lean philosophy the production is based on specific customer demands, there are chances that when the order is received then the inventory required is not present and that the inventory is not held in hand.

Whereas in the traditional philosophy the production is based on the principle of budgets and sales forecast, accordingly the sales keeps on moving and the inventory is also held in hand prior to confirmation of order from customers.

Since there is no planning before the order is received from customers under lean, in emergency cases, or scarcity of resources, the inventory will fall short, and acquisition of inventory would not be easy.

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Which of the following statements is false?
GenaCL600 [577]

Answer: Actual overhead costs always enter the Work-in-Process account.

Explanation:

The work-in-process account is an account where the value of goods yet to be completely produced are recorded while the overhead cost is simply a business running cost, that is cost on expenses the business makes to keep functioning.

Overhead cost is not recorded in work-in-process account, rather it is recorded as business expenses.

6 0
3 years ago
A typical Keynesian aggregate supply (AS) curve _______________ and a typical Keynesian Phillips curve _____________. is vertica
Setler [38]

Answer: Option (D) is correct.

Explanation:

Keynes aggregate supply curve is upward sloping because of law of supply. Law of supply states that there is a positive relationship between the price of a commodity and supply of a commodity. So, if there is an increase in the price of a commodity, then as a result the supply for that commodity also increases and vice-versa.

Keynes Phillips curve is downward sloping because of the trade off between inflation and unemployment. There is an inverse relationship between the inflation and unemployment in an economy. If an economy wants to reduce inflation then they have to accept higher unemployment.

3 0
4 years ago
What song lyric from the Rolling Stones expresses a powerful economic idea?
Kazeer [188]

Answer:

The correct answer is: "You can't always get what you want".

Explanation:

British well-known rock band "The Rolling Stones" was formed in 1962. Along their hits, we can identify "Paint it black", "Give me shelter", "Wild Horses", "Waiting on a friend" or "You can't always get what you want" (released in 1996) which is a song encouraging people to fight for what they want to achieve even if not all the time what is desired can be obtained.

3 0
4 years ago
Greta loses her two dogs. She puts signs all over town that offer a $50 reward for the return of her dogs. Al and Ben see the po
boyakko [2]

Answer:

Al

Explanation:

In order for a contract to be formed, both parties must reach an agreement (usually through offer and an acceptance of terms). The offer made by Greta was a $50 reward for her missing dogs, Al and Ben agree to the contract by searching for the dogs. Since Al finds and returns one of the Dogs, Greta has an obligation to pay Al. As for Ben, since he failed to meet the terms, he should not be paid. On the other hand, since Charlie never saw the posters, there was no contract formed because he could not possibly agree to terms he was not aware, and Greta has no legal obligation to pay Charlie.

Therefore, Greta has a legal obligation to pay Al.

3 0
3 years ago
Leo's lions has a new zoo project with an intial cost of $394,500 that is expected to generate cash flows of $51,200 for 12 year
Diano4ka-milaya [45]

Answer:

Please reword the question.

Explanation:

The question is hard to understand.

Could you please reword it, send a comment underneath this.

5 0
2 years ago
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