Jim is in charge of inventory control for his company. He has parts and materials set aside that are not to be used unless absolutely necessary. Jim uses a(n) ________ inventory control system
A) just-in-time
B) reserve stock system
C) stock book solution
D) visual assessment
E) ERP
B
Explanation: B) Jim is using a reserve stock inventory control system. He has a reserve of materials on hand at all times. As inventory gets low, he will use some of the reserves and will simultaneously place an order for more supplies. Jim should be sure to have enough materials in reserve to continue business even in the event of a delay in shipment of materials from his supplier.
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Chapter 7 of the Bankruptcy Code of the bankruptcy act of 2005 primarily deals with ________
A) reorganization B) adjustment of debts of a family farmer or fisherman with regular income C) adjustment of debts of an individual with regular income D) liquidation
Describe the benefits of implementing SAP in the accounting process
What will be an ideal response?