To Develop the Close Coordination Needed for Just-In-Time (JIT) Inventory

question 103

Multiple Choice

To develop the close coordination needed for just-in-time (JIT) inventory control systems, manufacturers tend to rely on one supplier. How is this supplier selected?

• A)by lowest item-by-item cost
• B)by its ability to be flexible
• C)by product quality
• D)by size of operation
• E)by lowest overall cost

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Definitions:

Scope Of Employment

The range of activities considered part of an employee's job duties and responsibilities for which the employer is legally responsible.

Agent's Conduct

Agent's conduct refers to the actions and behavior of an agent while acting on behalf of a principal, which must align with the principal's instructions and the laws governing the agency relationship.

Employer

An individual or organization that hires and pays people to work.

Motivated

Having a strong desire or willingness to act or accomplish something; driven by certain motives or incentives.