The Purpose of the International Program of Economic Goals Is

question 35

Multiple Choice

The purpose of the international program of economic goals is to reduce

• A)the number of people who receive government assistance.
• B)worldwide population growth.
• C)economic inequality.
• D)the number of the world's orphaned children who lack adult caretakers.

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Definitions:

JIT

Just-In-Time; an inventory management strategy that minimizes inventory and maximizes efficiency by receiving goods only as they are needed in the production process.

Excess Inventory

Inventory levels that exceed the demand, often resulting in wasted resources and storage costs.

Manufacturing Capacity

The maximum amount of products that can be produced in a given period of time using available resources in a manufacturing facility.

Agility

The ability to move quickly and easily, often used in organizations to describe the ability to adapt rapidly to market changes or challenges.