In a Just-In-Time Inventory System, Suppliers

question 74

Multiple Choice

In a just-in-time inventory system, suppliers

• A) deliver materials and parts in large quantities only a few times a year.
• B) enjoy much lower delivery costs.
• C) have a great deal of flexibility in determining when to make deliveries.
• D) are usually connected electronically so they know what will be needed and when.

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Definitions:

Adult

An individual who has reached the age of majority, legally recognized as capable of managing personal affairs and responsible for their actions.

Infant

A child in the early stages of life, but in legal terms, an individual who is not yet of legal age and therefore does not have full legal capacity.

Contract

A legally binding agreement between two or more parties, enforceable by law.

Corporate Bodies

Corporate bodies are legal entities recognized by law as capable of rights and duties, separate from the individuals who form or manage them, typically referring to businesses or organizations.