A Scheduling System for Minimizing Inventory by Having Components Arrive

question 5

Multiple Choice

A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy.

• A) just-in-time
• B) frictionless
• C) bullwhip
• D) safety-stock

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Definitions:

Secured Party

The party that holds the interest in a secured property.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American jurisdictions.

Purchase-Money Security Interest (PMSI)

A security interest formed when a debtor uses borrowed money from the secured party to buy the collateral.

Unsecured Party

A creditor or lender that does not have rights to specific collateral if the borrower defaults.