A JIT Inventory System Is Likely to Result in

question 70

Multiple Choice

A JIT inventory system is likely to result in

• A)a buffer stock of inventory.
• B)additional inventory holding costs.
• C)increased inventory turnover.
• D)decreased service levels.

---

Definitions:

Applied Learning

An educational approach focusing on applying knowledge and skills to real-world situations and problems.

Pharmacology

The branch of medicine concerned with the uses, effects, and modes of action of drugs.

IQ Testing

The assessment of a person's intellectual capabilities and potential through a series of standardized tasks and puzzles.

Mean

A statistical measure representing the average value in a set of numbers, calculated by dividing the sum of all values by the quantity of numbers.