A Just-In-Time Inventory System Usually Reduces Costs For

question 202

Multiple Choice

A just-in-time inventory system usually reduces costs for:

• A) both the producer and its suppliers.
• B) suppliers, but not the producer.
• C) the producer, but not its suppliers.
• D) neither the supplier nor the producer, though it does lead to more flexibility for both.

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Definitions:

Governing Body

An organization or group of individuals that exercises authority and makes decisions for a larger community or organization, setting policies and guidelines.

Licensed Practitioner

A professional who has been officially approved to practice a particular profession within a certified field of expertise.

Breach of Contract

The violation or failure to fulfill any term of a contract without a legitimate legal excuse.

Medical Ethics

A field of applied ethics that examines the principles and guidelines health care professionals use to make decisions regarding patient care and clinical practice.