In a Just-In-Time Inventory System, Suppliers

question 217

Multiple Choice

In a just-in-time inventory system, suppliers:

• A) deliver materials and parts in large quantities only a few times a year.
• B) enjoy much lower delivery costs.
• C) have a great deal of flexibility in determining when to make deliveries.
• D) become more like a department in the producing firm rather than a separate business.

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Definitions:

Black Middle Class

African American individuals and families that fall within the middle-income range, experiencing economic stability and upward mobility, particularly visible post-Great Migration.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to widespread unemployment and poverty.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to provide relief, recovery, and reform from the Great Depression.

NYA

The National Youth Administration, a New Deal agency in the United States that provided work and education for young Americans during the Great Depression.