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

question 13

True/False

One benefit of a just- in- time system is that it reduces equipment utilization.

---

Definitions:

Tort Liability

Legal responsibility for damages caused by a wrongful act or omission other than breach of contract.

Accountant

A professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.

Working Papers

Documents prepared or used by accountants, auditors, or attorneys during an investigation, audit, or litigation, detailing procedures performed and findings.

Audit Working Papers

Documentation prepared by auditors during an audit, which records the procedures performed, tests conducted, information obtained, and conclusions reached.