Just-In-Time (JIT)inventory Systems

question 56

Multiple Choice

Just-in-time (JIT) inventory systems

• A)result in a greater number of suppliers for each production process.
• B)focus on a "push" type of production system.
• C)can only be used with automated production processes.
• D)result in inventories being either greatly reduced or eliminated.

---

Definitions:

Growth Phase

A period in the development of entities such as organizations, economies, or individual careers characterized by expansion and increased activity.

Future Benefits

Prospective advantages or positive outcomes that are expected to occur as a result of current actions or investments.

Level 5 Leadership

The paradoxical combination of personal humility and professional will that makes a potent formula for the highest level of leadership success. Personal humility refers to consideration and service to others; professional will refers to conviction and fierce resolve. Together, these define the caring leader who is able to catapult a group or an organization from merely good to truly great. See caring leadership.

Personal Humility

The quality of having a modest or low view of one's own importance, often enhancing leadership by focusing on others' success.