D. Just in time (JIT) inventory.
JIT inventory systems make sure that the needed products and materials and received right as they are needed to reduce the holding costs associated with receiving, processing, and storing large amounts of inventory.
Answer:
A. Safety and Security needs.
Explanation:
By providing coverage in insurance and in medical expenses in case of any accident, Lumina is fulfilling the Safety needs of employees in their company. They are providing safety in health and financial status. According to Maslow's, safety needs refers to an individual need for security and protection. The security referred to include those of the body, resources, employment and so on.
If the going rate of interest were 10 percent and the expected profit rate were 18 percent, then the opportunity cost of a firm carrying out a $100,000 project for one year with its own funds would be$10,000.
SO
$100,000/10 =$10,000
Opportunity cost is the advantage that was lost because a particular option was not selected.
It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
Opportunity costs have a value that can help people and businesses make more lucrative decisions.
Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally.
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Answer: <em>Option (D) is correct.</em>
From the given options, the following is least feasible to be taken in consideration as a substantive practice relating to payroll: <em>Test whether employee time reports are approved by supervisors.</em>
<em>Payroll commonly is a term that is referred to as the cumulative sum of money that an organization pays to an individual. It can also be stated as organization's records of individual's salaries, bonuses, and taxes. </em>
<em>Therefore it'll be futile to take in consideration "whether employee time reports are approved by supervisors", as a substantive procedure relating to payroll.</em>
Quality management is the act of overseeing all activities and tasks that must be accomplished to maintain a desired level of excellence. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement.
