The Statement Concerning the Just-In-Time Inventory Management System That Is

question 51

Multiple Choice

The statement concerning the just-in-time inventory management system that is not true is:

• A) The aim of the system is to eliminate the need for the business to hold inventory.
• B) The problem of holding inventory is shifted to the supplier.
• C) For the system to work, there must be a close relationship between the business and its supplier.
• D) The approach is a theoretical one only and has not really been tried in practice.

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Definitions:

Labor-Management Relations Act

A law, also known as the Taft-Hartley Act, that regulates the relations between labor unions and employers.

New Hires

Refers to individuals who have recently been employed by an organization and are in the process of integrating into their respective roles.

Workers' Compensation

An insurance program that provides benefits to employees who suffer job-related injuries or illnesses.

Mandatory Laws

Regulations that are legally required to be followed, often implying penalties for non-compliance.