At Fidelity Enterprises, raw materials, parts, and components are acquired from suppliers as they are needed in the manufacturing process so that Fidelity does not have to store large inventories. Which of the following does Fidelity most likely use?
A) just-in-time (JIT)
B) total quality management (TQM)
C) six Sigma
D) acceptable quality level (AQL)
A
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Which of the following actions follows the establishment of a Natural Ambient Air Quality Standard (NAAQS)?
A) Each city has nine months to meet the standard. B) Each state has nine months to establish a state implementation plan. C) Each point source polluter has thirty days to reduce contaminant levels to the maximum permissible. D) Each environmental impact statement must include the new standard.
The level of production that is used by most firms for budget development because it represents a logical balance between maximum production capacity and the capacity demanded by actual sales volume is:
a. practical capacity. b. theoretical capacity. c. budgeted capacity. d. normal capacity.