JIT Requires Work-In-Process When Used with Kanban So There Is

question 38

True/False

JIT requires work-in-process when used with Kanban so there is inventory to pull. When compared to synchronous manufacturing, this is viewed as a negative aspect of JIT.

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Definitions:

Flow-through

A business entity that passes income to the owners or investors, avoiding corporate income tax, including S corporations, partnerships, and sole proprietorships.

C Corporation

A corporate legal framework where the entity is distinct for tax purposes from its owners or shareholders.

S Corporation

A type of corporation that meets specific Internal Revenue Code requirements, allowing profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.

Rental Income

Income received from renting out property or equipment. This income is reportable and taxable.