JIT Is Often Used to Force Inventory Back Up the Pipeline

question 26

True/False

JIT is often used to force inventory back up the pipeline and therefore does not reduce inventory.

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Definitions:

U.S. Law

The legal framework encompassing statutes, regulations, and case law governing the United States of America.

Preeminence

The quality of being superior or outstanding in a particular field or context.

Acceptance Is Timely

implies that an offer has been accepted within the timeframe specified, or in a reasonable period, making a contract binding.

Accepted by Offeree

The act of an offeree agreeing to the terms of an offer, thereby creating a binding contract.