One Benefit of a Just- In- Time System Is That

question 12

True/False

One benefit of a just- in- time system is that it reduces space requirements.

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Definitions:

Deposits

Money placed into an account or given to a third party as a pledge for the fulfilment of an agreement.

Cash Balance

The amount of money in cash or cash equivalents that a company or individual has available at any given time.

Check Register

A record book or digital log used to track checks written, deposits made, and current balance of a checking account.

Bank Statement

A document provided by a bank detailing all transactions in an account over a specific period, including deposits, withdrawals, and balances.