Every Variable Should Have Two Important Qualities; Their Attributes Should

question 23

True/False

Every variable should have two important qualities; their attributes should be exhaustive as well as mutually exclusive.

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Definitions:

Small Lot Sizes

Manufacturing or purchasing strategy characterized by producing or acquiring goods in small quantities, which can reduce inventory costs and improve flexibility.

Material Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal processes.

JIT

Just-In-Time; an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Quality

The degree to which a set of inherent characteristics of a product, service, or process fulfills requirements.