Answer:
The correct answer is A that is late start date.
Explanation:
Late start date is the filed which comprise of the latest date on which a task could be started without delaying the finish of the project.
The date is grounded on the date when the task is started and also on the late start of the task, late finish dates of the tasks predecessor and the successor as well and also on other constraints.
So, the late start date for the activity is the latest possible time.
Under the current/noncurrent method
a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).
b)A foreign subsidiary with current assets in excess of current liabilities will cause a translation loss (gain) if the local currency appreciates (depreciates).
c)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency depreciates (appreciates)
Answer:
a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).
Explanation:
Jet Magazine focuses its marketing efforts on reaching young African Americans. The firm believes that they are positioned to profitably serve this group of consumers. Jet utilizes the strategy of:
Answer:
Target Marketing
Explanation:
Based on the information provided within the question it can be said that Jet Magazine is utilizing the strategy of Target Marketing. This refers to focusing your marketing approach on a select population in order to attract them to your company and convince them to buy your product or service. Which in this scenario Jet Magazine's target market are young African Americans.
Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities?
Answer:
$600 million
Explanation:
Data provided in the question:
Deposits held by the Stealth bank = $600 million
Reserves held by the Stealth bank = $30 million
Government bonds = $80 million
The current market value of the bank's loans = $400 million
Now,
The amount of deposits held by the Stealth bank belongs to the depositors
Therefore,
The bank is liable to the amount held in deposits
Thus,
The value of the bank’s total liabilities = Deposits held by the Stealth bank
or
The value of the bank’s total liabilities = $600 million
The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images, such as innovativeness, dependability, or social responsibility is the task of
Answer:
Public relation
Explanation:
Public relation is the approach a business adopts to communicate to the media and the public. The objective of public relations is the create a good reputation for the company. Through public relations, a business establishes a mutually beneficial relationship between itself and the public.
Public relation uses unpaid media presence to reach its target customers. The organization also support activities such as sports, arts, charitable events and education programs to foster good relationships with the public. By directly engaging with the public, a company gains trust and its brand name become popular.
A British firm may need dollars to pay for U.S. imports. It can work with banks in London to exchange pounds for dollars to make this payment via electronic transfer. This is an example of a(n) _____ market.
Answer:
The correct answer is Spot market.
Explanation:
The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.
In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.
Donna has just moved to the city from a small town and gets a job as an assistant in a law firm. Not being very familiar with the way things work in the corporate world, she watches her colleagues closely and tries to learn from their mistakes and achievements. This can be described as ________.a) reflexive learning
b) social learning
c) positive reinforcement
d) motor reproduction
Answer:
b) social learning
Explanation:
Social learning is learning through observing and imitating other people.
Donna is trying to learn corporate behaviour by watching her colleagues. This is social learning.
Postive reinforcement is when a positive reward is given for acceptable behaviour.
Motor reproduction is imitating the behaviour of people been observed.
Reflexive learning is learning through reflection on ones learning process.
I hope my answer helps you.
Assume that Mitchell Company uses a periodic inventory system and has these account balances: Purchases $600,000; Purchase Returns and Allowances $25,000; Purchases Discounts $11,000; and Freight-in $19,000; beginning inventory of $45,000; ending inventory of $55,000; and net sales of $750,000. Determine the amounts to be reported for cost of goods sold and gross profit.
Answer:
Cost of goods sold = $573,000
Gross Profit = $177,000
Explanation:
Data provided in the question:
Purchases = $600,000
Purchase Returns and Allowances = $25,000
Purchases Discounts = $11,000
Freight-in = $19,000
Beginning inventory = $45,000
Ending inventory = $55,000
Net sales = $750,000
Now,
Total Goods Available for Sale =
Beginning Inventory + Purchases + Freight-In - Purchase Returns and Allowances - Purchases Discounts
= $45,000 + $600,000 + $19,000 - $25,000 - $11,000
= $628,000
Thus,
Cost of goods sold = Total Goods Available for Sale - ending inventory
= $628,000 - $55,000
= $573,000
Gross Profit = Net sales - Cost of goods sold
= $750,000 - $573,000
= $177,000
To determine the cost of goods sold and gross profit for Mitchell Company, we calculated the COGS as $673,000 by adjusting the beginning inventory by purchases, returns, allowances, discounts, freight-in, and ending inventory. The gross profit was then found by subtracting COGS from net sales, resulting in $77,000.
To determine the cost of goods sold (COGS) and gross profit for Mitchell Company, we start by calculating the COGS using the following formula:
Begin with the beginning inventory: $45,000.
Add purchases: $600,000.
Subtract purchase returns and allowances: $25,000.
Subtract purchase discounts: $11,000.
Add freight-in: $19,000.
Subtract the ending inventory: $55,000.
COGS = Beginning Inventory + Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-in - Ending Inventory
COGS = $45,000 + $600,000 - $25,000 - $11,000 + $19,000 - $55,000
COGS = $673,000
Next, we calculate gross profit by subtracting COGS from net sales:
Gross Profit = Net Sales - COGS
Gross Profit = $750,000 - $673,000
Gross Profit = $77,000
The cost of goods sold to be reported is $673,000, and the gross profit is $77,000.
In the wake of the BP oil spill in the Gulf of Mexico, a slew of BP advertisements touted BP's commitment to protecting and preserving the environment, not only of the Gulf, but everywhere its brand reaches. This could be considered an example of green marketing.
a. True.
b. False.
Answer:
False
Explanation:
Green marketing is a marketing strategy where a product is marketed based on its environmental benefits.
The adverts didn't promote BP's product as environmentally friendly, they just mentioned BP is committed to preserving the environment. This isn't an example of green marketing
Duties in the expenditure cycle should be properly segregated to promote internal control. This means that the authorization function is performed by ________, the recording function is performed by ________, and cash handling is performed by the ________.
A) accounts payable; purchasing; cashier.
B) purchasing; accounts payable; cashier.
C) purchasing; cashier; accounts payable.
D) purchasing; accounts payable; treasurer.
What is the bestcontrol to mitigate the threat of paying prices that are too high for goods ordered?
Answer:
B) purchasing; accounts payable; cashier.
Explanation:
The purchasing department's role is to purchase all the necessary inputs needed for production or daily operation.
The accounts payable department's role is to control expenses, process, verify and reconcile invoices.
The cashier department's role is to receive and distribute money and funds.
The logic behind separating roles and responsibilities is that no single department can decide on what to spend, who the vendor will be and how much they should pay.
Kela Corporation reports a net income of $450,000 that includes a depreciation expense of $70,000. Also, cash of $50,000 was borrowed on a 5-year note payable. Based on this data, the total cash inflows from operating activities are:
a. $380,000.
b. $470,000.
c. $520,000.
d. $570,000.
Answer:
option (c) $520,000
Explanation:
Data provided in the question:
Net income = $450,000
Depreciation expense = $70,000
Amount borrowed = $50,000
Now,
Here out of the given transactions, the amount borrowed is a financing activity.
Therefore,
The total cash inflows from operating activities
= Net income + Depreciation expense
= $450,000 + $70,000
= $520,000
Hence,
The correct answer is option (c) $520,000
An inventory system answers two important questions: when to order and how much to order. Which of the following statements correctly explains how a Q System (continuous review system) or a P system (periodic review system) answers these questions? A. Under a Q System, a fixed quantity is ordered every P time period. B. Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder point R. C. Under a P system, a fixed quantity is ordered when the inventory position reaches the reorder point R D. Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods.
Answer:
The answer is letter D
Explanation:
Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods.
Under a Q System, orders are placed when inventory drops to a reorder point R, replenishing it to the target level T. A P System orders at fixed time intervals P, with order quantities varying to reach the target level T.
The correct statement explaining how a Q System (continuous review system) and a P System (periodic review system) answer the questions of when to order and how much to order is: B. Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder point R.
In a Q System, the inventory is continuously monitored, and when the inventory level drops to a predetermined reorder point R, a fixed quantity Q is ordered to bring inventory up to the target level T. This approach responds promptly to inventory level changes, maintaining service level and minimizing stockouts.
Contrastingly, D. Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods. In a P System, inventory is checked at fixed intervals P, and the order quantity varies depending on the current inventory level and the target inventory level T. This system is suited to controlling inventories with less frequent reviews and tends to batch orders, which may result in larger inventory holdings.
What characteristics do all connective tissues share in common
Answer:
The following are the characteristics shared by connective tissues:
Cells, Large amounts of amorphous ground substance, And protein fibers.Explanation:
A connective tissue is a tissue that connects, supports, binds, or separates tissues or organs the following are examples of conecting tissues:
Fibrous tissues, fat, cartilage, bone, bone marrow, and blood.
The Characteristics that all connective tissues share in common are
Cells, The most abundant cell in connective tissue proper is the fibroblastLarge amounts of amorphous ground substance, amorphous Ground substance is a gel-like substance in the extracellular space of the extracellular matrix (ECM). And protein fibers. A fiber composed of protein. such as: wool, hair, fur, and silk.
Final answer:
All connective tissues share three common features: specialized cells, protein fibers, and a ground substance forming the extracellular matrix. Types of connective tissue include connective tissue proper (loose and dense), supportive connective tissue (bone and cartilage), and fluid connective tissue (blood and lymph).
Explanation:
Connective tissues have three primary characteristics in common which are vital for supporting, connecting, or separating different types of tissues and organs in the body. Firstly, they all contain specialized cells, protein fibers, and a ground substance which together form the extracellular matrix. Connective tissue proper includes both loose connective tissue and dense connective tissue, which exemplify the variety of cell types and protein fibers within a viscous ground substance.
The second type, supportive connective tissue, provides structure and strength to the body and includes bone and cartilage; both have a few distinct cell types and densely packed fibers in a calcified matrix for bone, and a less rigid matrix for cartilage. The third category is fluid connective tissue, which consists of lymph and blood, circulating specialized cells in a watery fluid containing salts, nutrients, and dissolved proteins.
There are many options available to consumers when it comes to breakfast cereals. So, if Kellogg's significantly increases the price of Rice Krispies, consumers are more apt to buy alternate cereals instead. This illustrates which concept?1) cross-price elasticity
2) the income effect
3) the target return effect
4) the substitution effect
5) the break-even point
Answer:
4) the substitution effect
Explanation:
When a product's change in price (increase) directly influences the consumers to switch to lower-cost alternatives, it is called the substitution effect.
Usually, it is applicable for similar kinds of FMCG goods. Of course, personal spending power and consumer habits are of great importance too, but the substitution effect best describes what happens with the consumer choice when the price of a particular good increases.
The substitution effect describes situations when the product's price increases, but the spending power remains on the same level. If the change in spending power was the input for consumer choice, than it would be the income effect.
The Gerald Corporation makes and sells a single product called a Clop. Each Clop requires 1.1 direct labor-hours at $8.20 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. The company is preparing a Direct Labor Budget for the first quarter of the year. If the company has budgeted to produce 20,000 Clops in January, then the budgeted direct labor cost for January is:_________
Answer:
$180,400
Explanation:
The computation of the budgeted direct labor cost is shown below:
= Number of budgeted production clops × required direct labor hours × direct labor hour rate
= 20,000 Clops × 1.1 direct labor hours × $8.20
= $180,400
Simply we multiply the budgeted production with the required direct labor hours and direct labor hour rate so that the budgeted direct labor cost can be computed
Karen Rogers is a salesperson for Solar Panels Inc. She attends builder trade shows to identify potential customers in an effort to build long-term profitable relationships. Karen Rogers is engaging in which step of the selling process?
Answer:
Prospecting
Explanation:
Prospecting selling process -
It is the very first step in the process of sales , according to this step ,
The step involves the detecting the potential of the customers .
The focus of prospecting is to develop the database of the customers and to communicate with them in order to convert the potential customers to the current customers .
Hence from the question ,
Karen Rogers is involved in the prospecting selling process .
You recently inherited an Alvin and The Chipmunks "A Chipmunk Christmas" record. Since you don't have a record player, you need to find a way to convert the record into a CD. This is an example of data ______.1) Degradation2) Clickstreaming3) Rot4) Scattering
Answer:
3) Rot
Explanation:
Data rot refers to problems with the media on which the data (or music in this case) was stored. All physical storage devices may suffer from environmental conditions over time (e.g. humidity, light exposure, etc.) that may alter or damage the data contained in them.
In this case, since I don't a record player, I cannot listen to the Chipmunks. I need to convert that record into a CD and hopefully it wouldn't be damaged.
A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy
Answer: Just in time strategy
Explanation: In simple words, it refers to the method of inventory control and management under which an entity only orders and receives inventory when they are in an need of it.
Most of the entities nowadays are using this inventory system as it reduces the working capital needs due to cost saving on overhead inventory costs. Thus system does not only reduces the cost of the entity but also helps in accelerating the supply chain.
Benjamin is an employee at Apex Inc. Recently, he was moved to a new work team to help in the development of a new product. Sam, his supervisor on the new team, describes the set of behaviors that other team members will expect of Benjamin. Benjamin, however, feels that these demands contradict the expectations set forth in his primary role at Apex. Which of the following situations is most likely to be the primary source of Benjamin's dissatisfaction about his role?A. Apex Inc. has brought together employees from different functions to form a team, leading to conflicting expectations.B. Benjamin is involved in Apex Inc.'s grapevine communications channel.C. Benjamin is unclear about his work methods because others have different ideas about work processes.D. Apex Inc. has downsized recently, and employees' work is still going through quality checks.E. Benjamin is unsure how Apex Inc. will evaluate his performance on this new work team.
Answer:
A. Apex Inc. has brought together employees from different functions to form a team, leading to conflicting expectations.
What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this transfer?
Answer:
The legislature budget board and the governor are authorize to transfer money from one agency to other.
Explanation:
Given:
Money needs to be transferred from 1 agency to other when legislature is not in session:
Solution:
When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.
Premier Co. produces park equipment and is currently producing 10,000 park benches annually. A supplier has offered to produce the bench for Premier Co. for $500 per bench. Premier Co. incurs unit-level costs of $490 per unit. Premier also spends $50,000 on product design each year and incurs $100,000 of facility-level costs. Calculate the avoidable production cost for Premier Co. to produce 1 bench.
Final answer:
Premier Co.'s avoidable production cost to produce one park bench is $490, which represents the direct unit-level costs associated with producing each bench. Other costs such as product design and facility-level costs are not considered avoidable as they would be incurred irrespective of production decisions.
Explanation:
The question asks to calculate the avoidable production cost for Premier Co. to produce one park bench, given that the company currently produces 10,000 benches annually, incurs unit-level costs of $490 per bench, spends $50,000 annually on product design, and has facility-level costs of $100,000.
Avoidable costs are those that can be saved if the company stops producing the benches. The unit-level cost of $490 per bench is the direct cost of producing each bench and is thus considered an avoidable cost. However, the product design costs of $50,000 and facility-level costs of $100,000 are sunk costs and not avoidable in the short term as they are incurred regardless of the number of benches produced. Thus, the avoidable cost for producing one bench is $490, only considering the unit-level costs.
Michael, Sarah, and Mindy are partners in a limited partnership that buys commercial real estate. Michael and Sarah are limited partners, and Mindy is a general partner. Business is booming, so Mindy asks Sarah for help. Sarah offers to buy land from LandInvest Co. , expressly stating that she is acting as a representative of the limited partnership. Sarah drafts the contracts, participates in the negotiation, and completes the sale on her own. Sarah also takes on bookkeeping and related tasks to free up Mindy to locate new sellers. If a dispute arises with LandInvest Co. related to the contract, and LandInvest Co. sues the limited partnership, it is possible that:__________
Answer:
The correct answer is a. Sarah will be held personally liable even though she is a limited partner, and Mindy will also be held liable as a general partner.
Explanation:
For its part, it should be noted that each of the partners of a limited company has a series of rights.3 Among them are the following:
Right to participate in the distribution of benefits and in the assets of the company in case of liquidation. Right of first refusal in the acquisition of participations of outgoing partners. Right to participate in social decisions and to be elected as administrators. Right to information in the periods established in the deeds. Right to obtain information on the accounting data of the Company.As the supply of compact disc players has increased over the years and the price of compact disc players has dropped, the _____.
a. demand for compact disc players has increased.
b. demand for compact disc players has decreased.
c. quantity demanded of compact disc players has increased.
d. quantity demanded of compact disc players has decreased.
Answer:
The correct answer is option c.
Explanation:
An increase in the supply of compact disc players would cause the supply curve to shift to the right. This rightward shift in the supply curve would cause the price of compact discs to decline.
At lower prices, the consumers are consuming more of compact disc players. The quantity demanded of players has increased.
This is also evident through the given figure.
Final answer:
The correct answer is c. the quantity demanded of compact disc players has increased, reflecting the effect of increased supply and reduced prices on the number of units purchased, rather than an overall change in consumer demand.
Explanation:
Given the increase in the supply of compact disc players and the resulting drop in price, the correct answer is c. the quantity demanded of compact disc players has increased. This is because when the supply of a product increases and its price goes down, more of the products are purchased at the lower price, reflecting an increase in quantity demanded, not necessarily an increase in demand itself. Demand refers to the willingness and ability of consumers to purchase a quantity of a good at a variety of prices. Quantity demanded specifically refers to the number of units demanded at a particular price.
Using the model of demand and supply, the fall in the price of a common household item like digital cameras due to increased supply leads to an increase in the quantity demanded. For example, the increased use of digital cameras for various purposes, alongside rising incomes, can also shift the demand curve to the right, potentially increasing the quantity demanded further. Nevertheless, when we observe a fall in equilibrium price and an increase in equilibrium quantity, it is clear that the increase in supply has been more significant than any increase in demand.
The Austrian-company Wienerberger is the world's largest brickmaker. It had to use the management function of _____ when it integrated the employees and manufacturing facilities that it gained from a merger with a brickmaking company in Great Britain.
a. planning
b. controlling
c. directing
d. communicating
e. organizing
Answer: The correct answer is "e. organizing".
Explanation: It had to use the management function of organizing when it integrated the employees and manufacturing facilities that it gained from a merger with a brickmaking company in Great Britain.
They had to use the function of organizing to determine the appropriate way to distribute resources and organize employees in order to fulfill the plan and objectives.
Wienerberger, an Austrian firm, is the world's largest brick manufacturer. When it combined the people and manufacturing facilities it received from a merger with a brickmaking business in the United Kingdom, it had to apply the managerial function of organizing.
What is organizing?When it combined the people and manufacturing facilities it received from a merger with a brickmaking business in the United Kingdom, it had to apply the managerial function of organizing.
They needed to use the organizing function to figure out how to divide resources and organize employees in order to meet the plan's goals.
For more information about organizing, refer below
https://brainly.com/question/11633499
quizlit The advantages of bond exchanges (bond markets) include which of the following? (Check all that apply.)
Allows corporations to reduce the cost of long-term borrowing
Allows corporations to increase the cost of their debt Provides liquidity to creditors
Allows creditors to sell bonds prior to maturity Provides a place to exchange stocks
Answer:
Allows corporations to reduce the cost of long-term borrowing
Allows corporations to increase the cost of their debt Provides liquidity to creditors
Allows creditors to sell bonds prior to maturity Provides a place to exchange stocks
Explanation:
All of the above are advantages of bond exchanges or bond markets
Customer World provides products and services to customers and allows customers to pay by credit card. On Thursday, a customer purchased a computer for $600 and used a credit card to pay. The credit card company charges Computer World a transaction fee equal to $0.20 + 1% of the total charge. What is the transaction fee Customer World must pay on this sale?
Answer:
$6.20
Explanation:
The computation of the transaction fee is shown below:
= 1% of the total charge + $0.20
= 1% × $600 + $0.20
= $6 + $0.20
= $6.20
Simply we calculated the total charge value and then added the given fee which is mentioned in the question.
Here, total charge means the purchase value of the computer which is purchased by the customer
Guillermo is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising, and salaries for the coming financial year. Guillermo is working on the:
a. capital budget.
b. advertising budget.
c. operating (master) budget.
d. cash budget.
Answer:
The answer is c. operating (master) budget.
Explanation:
Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.
Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.
As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.
Ethical issues that may arise in projects large and small include___________.
A. pressure to mask delays with false status reports.
B. exaggerated expense reports.
C. gifts from contractors.
D. compromised quality standards to meet bonuses or avoid penalties related to schedules.
E. All of the above.
Answer:
The correct answer is E that is all of the points
Explanation:
Ethical issues is the situation or the problem which requires a person to choose among an alternatives that must be determined as ethical or unethical.
It may arise in the projects whether large and small, involves the pressure for make delays with the reports with the false status, gifts from the contractors, quality standards being compromised and the exaggerated expense reports.
Make contact with a sales manager, ask him/ her about their ethical selling practices and report your findings. You may want to ask if the firm has:
a. a code of ethics in place
b. an ethics committee
c. a policy on giving and receiving gifts
d. procedures for dealing with whistle-blowing
Answer: A code of ethics in place.
Explanation: If I were to interview a sales manager of a firm about their ethical selling, the first question I would ask would be if they have any existing code of ethics.
Code of ethics simply are values and morals that an organization place highly for its members to abide by or follow.
Code of ethics could of the form: no stealing, sincerity, integrity.
Then I would go on to ask if the sales firm has an ethics committee. The ethics committee is normally in charge of monitoring the ethics compliance of workers.
Then the policy on gifts would be checked. As gifts given or received in some cases can act as bribes to bend situations to an individual's favor.
And finally I would check the steps the sales firms use to deal with whistle blowing. Whistle blowing simply is the exposure of some wrong practice by an individual. So I would ask the sales manager how exposed wrong ethical practices are handled.
Why is the participation of young invincibles important to the success of the aca health insurance marketplaces?
Answer:
First of all, young invincibles are young people, usually between 18 and 34 years old, that expect to remain healthy and therefore are not willing to buy health insurance.
The problem is that effectively young invincibles use less health care than other age groups but they serve as a balance for people with preexisting conditions that use health care a lot.
When the amount of young invincibles that acquire insurance is too small compared to preexisting conditions groups, health care costs will increase due to adverse selection and health care premiums will also increase.
Production of Sliver's latest small car, the Beetle, has been a dramatic improvement compared to its previous product, Quiver. The production target of 2,000 Beetle cars per day has been reached only within 10 weeks since the launch date, which is less than the time they needed for Quiver. Which of the following, if true, would suggest that Sliver adopted a JIT strategy for the Beetle?a. Sliver acquired one of its major distributors before the production of the Beetleb. Sliver has recently made a substantial investment in acquiring warehouses close to its production facilities. c. Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.d. All of Sliver's production factories have their own purchase departments that help the company achieve benefits of scale discounting
Answer:
C) Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.
Explanation:
Just in time (JIT) inventory system is an inventory management method which tries to reduce inventory levels and increase efficiency. The whole purpose of JIT is to decrease costs (less inventory = lower costs) by receiving inputs and materials only when needed. It was first implemented by Toyota during the 1970s, that's why it's also called Toyota Production System.