Which of the Following Statements About Using JIT Systems for Services

question 3

Multiple Choice

Which of the following statements about using JIT systems for services is FALSE?

• A) Preventive maintenance can be important for a service.
• B) Unlike manufacturing, there is little need for analyzing work methods because services are typically customized.
• C) The need to develop a flexible workforce is a function of the degree of customization of the services provided.
• D) Reservation systems can be used to provide uniform facility loads.

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Definitions:

Accounting Equation

The fundamental formula in accounting that represents the relationship between a company's assets, liabilities, and shareholders' equity: Assets = Liabilities + Equity.

Investment Of Land

The act of spending money to purchase land as an investment, with the expectation that it will appreciate in value.

Accounting Equation

The foundational principle of accounting stating that Assets = Liabilities + Owner’s Equity, representing the structure of a balance sheet.

Cash Withdrawal

The act of taking money out of a bank account or cash reserve.