Pioneered by __________ Firms During the 1950s and 1960s,just-In-Time Inventory

question 43

Multiple Choice

Pioneered by __________ firms during the 1950s and 1960s,just-in-time inventory systems now play a major role in most manufacturing firms.

• A) German
• B) American
• C) Japanese
• D) British
• E) Canadian

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Definitions:

Central Limit Theorem

Theorem stating that sample means are approximately normally distributed for an infinite number of random samples drawn from a population.

Population Mean

The average value of a population's characteristics.

Non-directional

Pertaining to hypothesis testing, a hypothesis that does not predict the direction of the difference or relationship but merely asserts that a difference or relationship exists.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, asserting that there is a statistically significant relationship between variables.