The Primary Characteristic of a Just-In-Time Inventory System Is That

question 278

True/False

The primary characteristic of a just-in-time inventory system is that suppliers deliver parts and materials right at the time that the buyer is going to use them in the production process.

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Definitions:

Glorious Revolution

The bloodless coup in England in 1688 that resulted in the overthrow of King James II and the ascension of William III and Mary II to the throne, significantly expanding the powers of Parliament.

England's Political System

A constitutional monarchy and parliamentary democracy, where the monarch is the head of state and the Prime Minister is the head of government.

Dutch School

Refers to a group or style of artists and their works originating in the Netherlands during the 16th and 17th centuries, known for detailed realism.

Painting

The practice of applying pigment, color, or other medium to a surface with various tools, such as brushes, knives, or sponges, to create artistic expressions.