JIT Avoids Shutdowns Due to Materials Shortage in All of the Following

question 119

Multiple Choice

JIT avoids shutdowns due to materials shortage in all of the following ways EXCEPT

• A)using total preventive maintenance.
• B)holding inventory.
• C)using total quality control to reduce defective materials.
• D)working with suppliers to ensure the availability of materials.

---

Definitions:

Effective Annual Interest Rate

The effective annual interest rate considers the effects of compounding, providing a true reflection of the annual cost of borrowing over a year.

Compounded Monthly

Compounded monthly refers to the way interest is calculated on an investment or loan, with the interest added to the principal each month so that subsequent interest is earned on an increasingly larger base.

Annual Percentage Rate

The annual percentage rate (APR) is the yearly interest rate charged on borrowed money, including any fees or additional costs, providing a comprehensive cost measure.

Interest Per Month

The amount of interest payable each month on a loan, mortgage, or any other financial obligation that incurs interest.