JIT Seeks to

question 16

Multiple Choice

JIT seeks to

• A)reduce production cost while increasing quality.
• B)radically redesign the production process for effectiveness.
• C)modify all non-value-added activities.
• D)all of the above.

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Definitions:

Lifting

The act or process of physically raising or elevating something.

Corporate Veil

A legal concept that separates the identity of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.

Promoter

An individual or entity that initiates the formation of a company, raises capital for it, and takes necessary steps to legally establish the business.

Initial Setting

The original conditions or parameters established at the beginning of a process or activity.