The Ultimate Goal of Just-In-Time (JIT) Inventory Control Is to Eventually

question 90

True/False

The ultimate goal of just-in-time (JIT) inventory control is to eventually eliminate all inventories except material in production and in transit.

---

Definitions:

Assumption of Risk

A legal doctrine under which an individual knowingly and willingly takes on the risks associated with an activity, potentially limiting liability for harm that occurs as a result.

Res Ipsa Loquitur

A legal doctrine that infers negligence from the very nature of an accident or injury, in the absence of direct evidence on how any defendant behaved.

Rebuttable Presumption

is a presumption in law that one can challenge and overturn with evidence to the contrary.

Breach of Duty

Failure to meet the standard of care or obligation required by law or contract, which could lead to legal action.