Which One of the Following Statements Is True Regarding JIT

question 24

Multiple Choice

Which one of the following statements is true regarding JIT inventory?

• A) It exists just in case something goes wrong.
• B) It is the minimum inventory necessary to keep a perfect system running.
• C) It hides variability.
• D) It is minimized with large lot production.
• E) It increases if setup costs decrease.

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Definitions:

Standard Deviation (σ)

An indicator that evaluates the degree of scatter or inconsistency of data points around the mean of the dataset.

Normal Model

A statistical model that assumes the data follow a normal (Gaussian) distribution.

Cutoff Value

A specific point on the scale of measurement that separates data into distinct classes or groups.

Car Speeds

The rates at which an automobile travels, typically measured in miles per hour or kilometers per hour.