Of the Following Statements, Which One Is Most Characteristic of a JIT

question 152

Multiple Choice

Of the following statements, which one is most characteristic of a JIT system of production?

• A) high dependence on customized components, as in high variability in components
• B) large lot sizes to achieve uniform operating system workloads
• C) high conformance to product or service quality specifications
• D) high variability in the daily loads for individual workstations

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Definitions:

Cost Driver

A factor that causes or relates to a change in the cost of an activity or a product, such as machine-hours, labor-hours, or material usage.

Work in Process Inventory

Items or materials that are partway through the production process but not yet completed, representing a current asset on the balance sheet.

Finished Goods Inventory

Items that have completed the manufacturing process and are ready for sale to customers.

Direct Labour

Direct Labour refers to the work exerted by employees who are directly involved in the production of goods or services.