Under Just-In-Time (JIT)inventory Systems, Manufacturers Shifts the Task of Maintaining

question 193

True/False

Under just-in-time (JIT)inventory systems, manufacturers shifts the task of maintaining inventory to their suppliers, who in turn shift it to their own suppliers.

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Definitions:

Privately Held Organizations

Companies owned by private individuals or groups and not traded publicly on the stock market.

Contributory

Involving or denoting a pension, insurance plan, or other benefit scheme where both employers and employees make payments towards the cost.

CPP/QPP

Refers to Canada Pension Plan/Quebec Pension Plan, which are public pension plans in Canada designed to provide income for workers upon retirement.

RRSPs

Registered Retirement Savings Plans, a type of financial account in Canada for holding savings and investment assets to support retirement.