JIT Makes Quality Cheaper Because

question 3

Multiple Choice

JIT makes quality cheaper because:

• A)the cost of low quality can be hidden as inventory cost.
• B)JIT adds more buffers to the system.
• C)JIT prevents long runs of defects.
• D)B and C
• E)A,B and C

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Definitions:

Productive Resources

Inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

General Level Of Prices

An average or aggregate measure of prices for goods and services in an economy, often used to assess inflation or purchasing power.

Shares Of Stock

Units of ownership interest in a corporation or financial asset that provide an equal distribution in any profits, if any are declared, in the form of dividends.