Time & Materials Refers to a Manufacturing Context Where Just-In-Time (JIT)tools

question 36

True/False

Time & Materials refers to a manufacturing context where just-in-time (JIT)tools are used to ensure that every step in the supply process adds value,while costs are kept to a minimum.

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Definitions:

Max Weber

A German sociologist, philosopher, and political economist known for his theories on the impact of culture and social structures on economics and society.

Bureaucracy

A system of government or business that is characterized by specialized administrative departments and a hierarchy of authority.

Politicians

Individuals who are involved in governing or making policy in government institutions, often elected by constituents to represent their interests.

Scientists

Individuals engaged in a systematic activity to acquire knowledge that describes and predicts the natural world, often through empirical methods.