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Q. Just-in-time inventory management processes?
Just-in-time (JIT) inventory management processes seek to eliminate any waste that arises in the manufacturing process as a result of using inventory. JIT purchasing processes apply the JIT principle to deliveries of material from suppliers. With JIT production processes inventory levels of raw materials work-in-progress and finished goods are reduced to a minimum or eliminated altogether by improved work-flow planning and closer relationships.
Q. Describes the Certainty Equivalent Coefficient Method? Introduction: - Certainty equivalent coefficient process which makes adjustment against risk in the estimates of futur
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Explain the significance of the term additional funds needed. While the pro forma balance sheet is completed, total assets and total liabilities and equity will hardly match.
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