JIT Manufacturing Emphasizes

question 86

Multiple Choice

JIT manufacturing emphasizes

• A)continuous improvement.
• B)elimination of waste.
• C)reduction of work-in-process inventories.
• D)all of the above.

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Definitions:

Classical School

An economic theory originating in the late 18th century, emphasizing free markets, competition, and the minimal role of government in the economy.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States and leading to significant declines in industrial production, mass unemployment, and deflation.

Economic Thought

The study and ethoses regarding economics and its methodologies, including the insights and theories developed over time by economists.

Great Recession

A severe global economic downturn that took place from late 2007 to mid-2009, characterized by widespread financial crises and significant job losses.