The Objective of A(n) _____ System Is to Minimize Inventory

question 113

Multiple Choice

The objective of a(n) _____ system is to minimize inventory by having frequent deliveries, sometimes daily, as needed for assembly into a final product.

• A)efficient consumer response
• B)total quality management
• C)just-in-time inventory control
• D)zero-defect management
• E)material requirements planning

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Definitions:

Policy Of Insurance

A contract between an insurer and an insured, outlining the terms, coverage, premiums, and conditions under which the insurer agrees to compensate the insured for specific losses.

Garage Liability Insurance

Insurance coverage that protects auto dealerships, mechanic shops, and garage operators from liability claims resulting from their operations, including customer injuries and damage to customer vehicles.

Liability

The legal responsibility for one's actions or omissions, especially concerning the payment of damages or compliance with the law.

Garage Owner

An individual or entity that owns an establishment where vehicles are serviced, repaired, or housed.