One Characteristic of a Just-In-Time (JIT) Inventory System Is That

question 80

Multiple Choice

One characteristic of a just-in-time (JIT) inventory system is that

• A) a company is more likely to have excess unsold inventory to write off against earnings.
• B) parts enter the manufacturing process immediately; they are not warehoused.
• C) it is difficult to spot and fix defective inputs.
• D) the working capital a company needs to finance inventory increases is high.
• E) a firm has an ample buffer stock of inventory.

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Definitions:

Contraries

Statements, concepts, or propositions that cannot both be true at the same time, but can both be false.

Subcontraries

In traditional logic, propositions that cannot both be false but can both be true, specific within the square of opposition.

Subalternates

In logic, these refer to propositions that are related in such a way that the truth of one implies the truth of the other, but not necessarily vice versa.

Contradictories

In logic, statements that are in direct opposition to each other, where if one is true, the other must be false, and vice versa.