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

---

Definitions:

Obligation

A duty or commitment to pay money or perform some action.

Equivalent

Equal in value, amount, function, meaning, or status; often used in mathematics to describe expressions or amounts that are the same when compared or evaluated.

Compounded Quarterly

Refers specifically to the computation of interest at four intervals in a year, on the initial investment alongside the interest from preceding periods.

Repaid

The act of paying back money previously borrowed from a lender.