The JIT Approach to Inventory Management

question 29

Multiple Choice

The JIT approach to inventory management

• A)allows greater flexibility as to when products can be manufactured.
• B)results in higher inventory levels but reduces ordering and setup costs.
• C)results in lower inventory carrying costs.
• D)none of these.

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Definitions:

Best Interests

A principle that guides decisions in the legal system, especially in family and child law, ensuring that the outcomes serve the optimal welfare of the individuals involved.

Adopting Parents

Individuals or couples who legally take on the responsibility to raise a child not biologically their own.

No-fault Divorce

A type of divorce where the dissolution of marriage does not require proof of wrongdoing by either party.

Fault-based Divorce

A type of divorce where one party is deemed responsible for the failure of the marriage due to reasons such as adultery, abandonment, or abuse.