At Fidelity Enterprises, Raw Materials, Parts, and Components Are Acquired

question 69

Multiple Choice

At Fidelity Enterprises, raw materials, parts, and components are acquired from suppliers as they are needed in the manufacturing process so that Fidelity does not have to store large inventories.Which of the following does Fidelity most likely use?

• A)just-in-time (JIT)
• B)total quality management (TQM)
• C)six Sigma
• D)acceptable quality level (AQL)

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Definitions:

Subculture

A subgroup within a broader culture that typically holds different beliefs or interests from the main cultural body.

Sociological Explanation

An analysis that seeks to understand human behavior by examining the societal contexts and structures influencing it.

Consumerism

An economic and social system that promotes the continuous increase in the purchase and consumption of goods and services.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.