Which of the Following Statement(s)about Just-In-Time (JIT)inventory Management Is (Are)true

question 2

Multiple Choice

Which of the following statement(s) about just-in-time (JIT) inventory management is (are) true?
I.The emphasis of JIT is on "pull" manufacturing.
II.Raw materials are purchased just in time to be used in production.
III.JIT is an inventory technique that focuses on reduction of both inventory and related inventory costs.

• A)I only.
• B)II only.
• C)III only.
• D)II and III.
• E)I,II,and III.

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Definitions:

Material Requirements Planning

A production planning and inventory control system used to manage manufacturing processes by determining material requirements based on forecasted production.

Finite Nature

Characterizes systems or resources with limits or boundaries, indicating they cannot be extended indefinitely.

Noise Traders

Investors who make decisions based on random or irrelevant information, often causing market prices to deviate from their true values.