Without Affecting Their Ability to Meet Customer Demand Using a Just-In-Time

question 152

Multiple Choice

Without affecting their ability to meet customer demand using a just-in-time system, some companies have found they can reduce inventory levels by as much as

• A)5% to 10%.
• B)20% to 25%.
• C)35% to 40%.
• D)50% to 60%.

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Definitions:

Cognitive Abilities

A rephrased and new definition for it would be: The mental capabilities that encompass reasoning, memory, attention, and language and lead to the acquisition of information and problem-solving skills.

Cognitive Achievements

Refers to the milestones in understanding, learning, problem-solving, reasoning, and other mental processes that individuals reach throughout their development.

Cognitive Skill

The mental ability required for carrying out tasks that involve processing information, such as thinking, reasoning, problem-solving, and remembering.

Seriate

The process of arranging objects in order according to a property or criterion, such as size or color.