Which of the Following Defines a Just-In-Time Program

question 71

Multiple Choice

Which of the following defines a just-in-time program?

• A) An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level.
• B) A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory.
• C) A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value.
• D) The active management of the distribution of materials throughout a system.
• E) A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

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Definitions:

Preemptive Rights

Privileges granted to existing shareholders to buy additional shares in the company before the shares are offered to the public, thereby protecting their ownership percentage.

Issued Stock

Refers to the number of shares that a company has officially issued to shareholders.

Preferred Stockholders

Investors who own preferred shares in a company, which typically gives them priority over common stockholders in terms of dividends and assets in the event of liquidation.

Corporate Creditors

Entities or individuals that have lent money or extended credit to a corporation and have a right to be repaid.