The Drawback of a Just-In-Time Inventory System Is That It

question 43

True/False

The drawback of a just-in-time inventory system is that it leaves a firm with excess unsold inventory that it has to write off against earnings or price low to sell.

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Definitions:

Motorcycle Gang

An organized group of motorcyclists who may partake in activities ranging from community events to illegal operations.

Insurance Company

An organization that provides insurance policies to subscribers, covering a range of risks in exchange for premiums.

Fire

A rapid oxidation process that generates heat, light, and various reaction products, often used for energy or seen as a risk for damage.

Notify

To formally inform or give notice to someone about an event, decision, or action that concerns them or requires their attention.