When Using the Just-In-Time Inventory System, Production Schedules Are Based

question 38

Multiple Choice

When using the just-in-time inventory system, production schedules are based on:

• A) Raw material inventory levels
• B) The customers' demand
• C) Machine and labor capacity
• D) Predetermined levels of production

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Definitions:

Public Accountability

The obligation of public officials, corporations, and organizations to be answerable to the public and to their actions' impacts on society.

External Stakeholders

Individuals or entities outside an organisation that are affected by or have an interest in its operations, such as customers, suppliers, and the community.

Corporate Social Responsibility

A business model that requires companies to operate in a socially responsible way, balancing economic growth with the welfare of society and the environment.

External Stakeholders

Individuals or groups outside an organization who are interested in or affected by the organization's activities, such as customers, suppliers, investors, and the community.