Which of the Following Statements Relating to Just-In-Time Inventory Is

question 51

Multiple Choice

Which of the following statements relating to just-in-time inventory is not correct?

• A)As soon as goods are completed, they are shipped directly to the customer.
• B)Products are generally completed in small batches in response to customer requests.
• C)Just-in-time is beneficial to all companies that implement it.
• D)No safety stock is kept to protect units found to be defective.

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Definitions:

Positively Skewed

A distribution of data where most values are concentrated on the left side, with a long tail extending to the right.

Standard Error

A statistic that measures the dispersion of sample means around the population mean.

Sample Mean

The arithmetic average of a sample set of data, used to estimate the population mean.

Normally Distributed

Describes a data set that follows a bell-shaped curve where most observations cluster around the mean and probabilities for values taper off symmetrically towards both extremes.