Many US Manufacturers Have Adopted the Just-In-Time (JIT) Purchasing Principle

question 44

Multiple Choice

Many U.S. manufacturers have adopted the just-in-time (JIT) purchasing principle. Concerning this trend, all of the following statements are accurate except:

• A)One objective of a JIT system is to eliminate waste of all kinds from the production process.
• B)Because JIT attempts to relate purchases to production requirements, the typical order size increases.
• C)A significant effect of JIT purchasing has been the drastic reduction in the number of suppliers utilized by manufacturers.
• D)Suppliers find that relationships with JIT customers are longer lasting.
• E)Both because JIT attempts to relate purchases to production requirements, the typical order size increases and a significant effect of JIT purchasing has been the drastic reduction in the number of suppliers utilized by manufacturers.

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Definitions:

Effect Size

A quantitative measure of the strength of a phenomenon or the magnitude of a difference between groups in a scientific study.

Significance Test

A statistical test to determine whether the difference between groups or the relationship between variables is due to chance or represents a true effect.

Probability

A measure of the likelihood of a given event's occurrence, expressed as a number between 0 and 1.

S Data

S Data, or self-report data, involves data collected directly from participants about themselves through questionnaires, interviews, or other introspective methods, often used in psychological assessments.