Many US Firms Are Switching to JIT Processing Because

question 101

Multiple Choice

Many U.S. firms are switching to JIT processing because

• A) they desire a "push" approach to manufacturing.
• B) it eliminates conversion costs.
• C) it can reduce the funds invested in inventories.
• D) it is a means of building up inventories.

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Definitions:

Stratified Random Sampling

A sampling method that involves dividing the population into distinct subgroups and then randomly selecting samples from each subgroup to ensure representation.

Annual Income

The total amount of money earned or received by an individual or entity within one calendar year.

Subsample

A subset of a larger sample or population, extracted for specific analysis or investigation purposes.

National Data Sets

Large-scale databases that collect and store data at a national level, often used for research, policy-making, and analysis.