One of the Traditional Reasons for Holding Inventory Is to Avoid

question 57

Multiple Choice

One of the traditional reasons for holding inventory is to avoid shutdowns due to unavailability of materials. The JIT solution is to

• A)reduce setup costs.
• B)reduce lead time.
• C)use long-term contracts with suppliers.
• D)use total preventive maintenance.

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Definitions:

Irruptive

A population growth pattern characterized by sudden increases due to favorable conditions, followed by steep declines as those conditions change.

K-Selected Species

K-selected species are organisms that tend to have fewer offspring, longer gestation periods, and more parental care, thriving in stable environments.

S-Shaped Growth Curve

A pattern of population growth that starts slowly, accelerates, and then slows down again, leveling off when carrying capacity is reached, resembling the shape of an "S".

Survivorship Curve

A graph showing the proportion or number of individuals surviving at each age for a given species or group, used in demography and ecology.