Just-In-Time Inventory Systems

question 69

Multiple Choice

Just-in-time inventory systems

• A) are used only by manufacturing firms.
• B) are implemented primarily by the manufacturing function.
• C) have components arrive at a manufacturing plant just in time to enter the production process.
• D) are valuable in times when there is a labor dispute with a key supplier.
• E) always keep extra inventory on hand for emergencies.

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Definitions:

Cognitive-behavioral Therapies

A group of psychotherapeutic treatments that address dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

Behavioral Conditioning

A learning process that involves developing or altering behaviors through a system of rewards or punishments.

Extreme Anxiety

A state of excessive, intense, and persistent worry and fear about everyday situations, often leading to physical symptoms such as rapid heartbeat and sweatiness.

Eclectic Approach

A method that combines elements from different theories or approaches, often used in psychological therapies.