How does just-in-yime (JIT) relate to total quality management (TQM)? A. JIT systems encourage last-minute deliveries, which increases the probability of a late delivery. B. JIT is not related to TQM. C. JIT increases finished-goods-inventory levels to be able to respond quickly to customers. D. JIT is rooted in continuous improvement and forced problem solving, which improve quality.

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies. answers: management policies

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real