Explain the concept of the JIT system in detail. Also‚ discuss the characteristics‚ advantages and disadvantages of the JIT system. It is a management philosophy which aims at eliminating waste from every aspect of manufacturing and its related activities. The term JIT refers to producing only what is needed. JIT is defined as “A technique for the organization of work-flows‚ to allow rapid‚ high quality‚ flexible production whilst minimizing manufacturing waste and stock levels.” (CIMA official
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CHAPTER 1 Introduction Practice Questions Problem 1.8. Suppose you own 5‚000 shares that are worth $25 each. How can put options be used to provide you with insurance against a decline in the value of your holding over the next four months? You should buy 50 put option contracts (each on 100 shares) with a strike price of $25 and an expiration date in four months. If at the end of four months the stock price proves to be less than $25‚ you can exercise the options and sell the shares
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B1. Analyze Simulation Results A budget is a financial plan which is expressed in real numbers‚ typically in monetary units‚ which set the expectations for the expenses the company will incur to reach its goals‚ and management objectives. A good budget uses forecasts to determine what amounts should be used to reach desired efficiency and profitability. Budgets can be used to determine whether a not a process is working effectively‚ whether or not changes in operations need to be made in order
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JIT (Just in Time) Sistema Universitario Ana G. Méndez Universidad del Turabo Mana 340 29 de abril de 2010 JIT 2 Ante nuestra competencia mundial‚ las empresas no deben tomar decisiones de cambios sino de cómo debería ser ese cambio. Como gerentes podemos elegir entre controlar nuestros cambios o que lo controle la competencia. El sistema “Just in Time” ofrece las posibilidades de avance ante la competencia. Los administradores se esfuerzan por implantar
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DERIVATIVE INSTRUMENTS MARKETS AND Chapter 1: Derivative Markets and Instruments Page 1 of 13 LOS 1.a: Define a derivative and distinguish between exchange-traded and over-the-counter derivatives. A derivative is a security that derives its value from the value or return of another asset or security. A physical exchange exists for many options contracts and futures contracts. Exchange-traded derivatives are standardized and backed by a clearinghouse. Forwards and swaps are custom
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CYPOP5 Task 1 1.1 To the Parent / Guardian of Anjum. Information for parents outlining the following… 1) Current legislation for home based childcares 2) The role of regulatory bodies As your child’s childminder I would like to inform you of some very important information detailing up to date legislation and information on the relevant regulating bodies for home based child carers. This is to ensure your child get the very best possible care when in my setting. 1. CURRENT
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of its operating locations are running outdated hardware and software‚ which greatly increases the risk to the network in relations to confidentiality‚ integrity‚ and availability. Because of the outdated hardware and software‚ the company suffered some network compromises through their JV internet site and it led to disclosures of sensitive and strategic information. In order to reduce the risks and vulnerabilities of each location‚ we must implement access control to ensure confidentiality‚ integrity
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Task 1 Describe the type of business‚ purpose and ownership of two different businesses. Describe the different stakeholders who influence the purpose of the two different businesses. Intro Examples of two types of businesses that are different from each other are Kings Oaks Academy and McDonald. There are two types of sectors; private sector and public sector‚ and different ranges of ownership: local‚ national‚ international‚ and global business. Businesses also falls under 3 sector which
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Risk assessment and risk management Introduction There are many hazards associated in an industrial workplace. With new technologies‚ new machinery and constant updates with regulations it is more important now than ever before to produce efficient risk assessments. Good risk assessments reduce hazards and fatalities in dangerous areas in the workplace. A good risk assessment will make workers feel safer and therefore happier and promotes a good business structure within the company. A good risk
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for a reduction in the life expectancy gap. People with diabetes living in the most deprived areas of Wirral are significantly more likely to be admitted to hospital as an emergency case. This highlights the need for improved diabetes control and management amongst people in more disadvantaged areas.
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