When a Company Successfully Applies the Just-In-Time System, It Minimizes

question 97

True/False

When a company successfully applies the just-in-time system, it minimizes its inventory storage costs.

---

Definitions:

Homestead Act

1862 law that authorized Congress to grant 160 acres of public land to a western settler, who had to live on the land for five years to establish title.

Jacob Riis

A Danish-American social reformer, journalist, and photographer known for highlighting the dire conditions of the urban poor.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th centuries that transformed mainly agrarian, rural societies in Europe and America into industrialized, urban ones.

New York Slums

Overcrowded and squalid areas in New York City where poor living conditions prevail, often historically inhabited by marginalized and immigrant populations.