Just-In-Time Inventory Systems

question 7

Multiple Choice

Just-in-time inventory systems:

• A) are used only by manufacturing firms.
• B) provide a buffer stock of inventory for a company.
• C) are used to reduce inventory holding costs.
• D) save costs by outsourcing inventory management to other companies.
• E) always keep extra inventory on hand for emergencies.

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Definitions:

Members

Individuals who are part of a group, organization, club, or other collective body, sharing common interests or goals.

Brotherhood

A relationship between individuals united by common interests, beliefs, or experiences, often used to describe fraternal or solidarity groups.

Sleeping Car Porters

Railroaders who worked on sleeping cars, providing service to train passengers; historically, many porters were African American men.

Strikebreakers

Individuals who work or are employed in place of striking workers, often to undermine strike actions and maintain production.