The Drawback of a Just-In-Time Inventory System Is That It

question 35

Multiple Choice

The drawback of a just-in-time inventory system is that it

• A) increases the total capital required by a firm.
• B) leaves a firm without a buffer stock of inventory.
• C) increases inventory holding costs, such as warehousing and storage costs.
• D) is less efficient than traditional system in spotting and fixing defective inputs.
• E) lowers a company's profitability as measured by return on capital invested.

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Definitions:

Health Administration

The field and practice of overseeing and managing healthcare systems, hospitals, and other health services organizations.

Misfeasance

The performance of a lawful action in an illegal or improper manner.

Informed Consent

A process whereby a patient or participant agrees to a medical procedure or participation in research after understanding its risks, benefits, and alternatives.

Prevent Lawsuits

Strategies or measures taken to avoid legal actions being brought against an individual, organization, or company.