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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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Founded nearly 50 years ago by Alfred Lester-Smith, Beautiful Clocks specializes in developing and marketing a diverse line of l
grin007 [14]

Answer:

Beautiful Clocks

It should be a large Golden (50th Year) Anniversary Ornamental Clock with gold-tinted background.

Explanation:

This type of clock will be handy for those who want to celebrate their friends' 50th birthdays and other anniversaries.  It will also immortalize the Beautiful Clock Company as an entity that lives with the time.  This clock will be exciting to its affluent clientele, who are always in celebration moods.

7 0
3 years ago
The principle of ____ in the products liability context holds that all merchant sellers of a defective and dangerous product are
saw5 [17]

Answer: Strict product liability

Explanation:

Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.

8 0
4 years ago
You’ve decided to buy some rental property but know very little about the law regarding landlord-tenant relations. You head to t
Oksana_A [137]

Based on the different types of laws that exists, The procedural law covers the ways of enforcing the rights of people.

<h3>What is the Procedural law?</h3>

This is a type of law that is concerned with seeking for redress to the wrongs that may have been done and also helps to enforce the rights of people.

The importance is that it is what establishes the operations and the ways that courts conduct themselves.

Read more on procedural law here:

brainly.com/question/25368237

5 0
3 years ago
Consider the following events: A petty cash fund of $200 was established on April 1, Year 1. Employees were reimbursed when they
Nady [450]

Answer:

No effect

Explanation:

As with opening of petty cash fund, there is an exchange in the form of asset.

The free cash is now divided in two parts, cash and petty cash.

Both are assets and the closing balance of cash in balance sheet is aggregate of free cash and petty cash.

Therefore, there is no impact in the total assets as now free cash is petty cash which is later added to free cash.

5 0
4 years ago
pablo management has five employees, each of whom earns $250 per day. they are paid on fridays for work completed monday through
Makovka662 [10]

Pablo Management has five part-time employees, each of whom earns $250 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4 New Year's Day. (January 1) was an unpaid holiday.

1. December 31 Wages expense (debit) 1250

Wages Payable (credit) 1250

2. January 4 Wages expense (debit) 3750

wages payable (debit) 1250

Cash (credit) 5000

<h3>What are Wages?</h3>

A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame. The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.

A person's pay is the sum of money that is routinely given to them in exchange for the labour that they perform. He now makes more money. 

To learn more about wages visit:

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#SPJ13

3 0
1 year ago
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