Under a Just-In-Time (JIT) Inventory System, It Is Likely That

question 1

Multiple Choice

Under a just-in-time (JIT) inventory system, it is likely that the ________ will increase.

• A) amount of working capital for inventory
• B) inventory turnover
• C) number of defective parts
• D) inventory holding costs
• E) storage costs

---

Definitions:

Labor Standards

Regulations and practices that relate to working conditions, including aspects like minimum wages, working hours, safety, and rights to organize.

Labor Cooperation

The collaboration between workers, employers, and sometimes governments, to improve working conditions, productivity, and workers' rights.

Free Trade Agreements

Bilateral or multilateral agreements between countries that reduce or eliminate barriers to trade, such as tariffs and import quotas, fostering increased trade and economic integration.

International Trade

The exchange of goods, services, and capital across international borders or territories, crucial for global economic integration and development.