Just-In-Time Describes

question 81

Multiple Choice

Just-in-time describes

• A) implementing strategies just before bankruptcy.
• B) delivering materials just as they are needed.
• C) a scheduling method for meetings.
• D) a personnel planning method.
• E) a process for improving quality.

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Definitions:

Analysis Of Variance

A statistical method used to determine the variance between two or more groups' means to see if they are significantly different from each other.

Variation

The occurrence of differences or deviations within processes, products, or data sets.

Longest Processing Time

A scheduling heuristic used in operations research for sequencing jobs to minimize the total time taken.

Most Profitable

Referring to the activity, product, or segment that generates the highest profit margin or net income compared to others.