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.

Understand the distinctions and connections between tort law and contractual obligations.

Analyze how negligence is assessed within the context of professional advice and services.

Interpret the legal obligations of occupiers and manufacturers towards preventing harm to others.

Understand the principles and obligations under the occupier's liability across different jurisdictions and how it applies to trespassers.

---

Definitions:

Strict Liability Offenses

Legal offenses for which the perpetrator can be held responsible regardless of intention or awareness, typically regarding matters that pose a risk to public safety or welfare.

Criminal Intent

The mental state indicating that an individual was conscious of the act they were committing and intended to commit a crime.

Mens Rea

A legal principle referring to the criminal intent or state of mind of the person committing a crime.

Twenty-Five Dollars

The equivalent of 25 units of currency, often referenced in financial transactions or budgets.