If Setup Times and Costs Can Be Reduced Enough, the JIT

question 71

True/False

If setup times and costs can be reduced enough, the JIT ideal of "Lot Size = 1" can be achieved.

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Definitions:

Family Farmer

A designation used in bankruptcy law for a farmer or fisherman with regular annual income that allows them to adjust debts under Chapter 12.

Debt Cap

A limit set on the amount of debt that an organization or government may incur.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.

Chapter 13

A form of bankruptcy in the United States that allows individuals with a regular income to develop a plan to repay all or part of their debts.