In a JIT Environment,anything Superfluous Is Viewed as Waste

question 63

True/False

In a JIT environment,anything superfluous is viewed as waste.

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Definitions:

Exclusion of Liability

Clauses in a contractual agreement that seek to limit or eliminate legal responsibility for certain acts or omissions.

Ambiguous

Describes something that can be understood in more than one way or that is unclear, often leading to confusion or misinterpretation.

Coverage

In the context of insurance, it refers to the extent or range of protection provided under an insurance policy against various risks or events.

Term Insurance

A type of life insurance policy that provides coverage for a specific period of time, or term, offering a death benefit to beneficiaries if the insured passes away during the term.