Which of the Following Would Seem Especially Appropriate for Firms

question 86

Multiple Choice

Which of the following would seem especially appropriate for firms using a just-in-time inventory system?

• A) A broad customer base
• B) Substantial amounts of warehouse space
• C) Multiple sources of supply
• D) Good distribution systems
• E) Computer-assisted manufacturing

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Definitions:

Underemployment

A situation in which workers are employed less than they wish or are overqualified for their jobs, resulting in their skills being underutilized.

Production Possibilities Frontier

A curve depicting the maximum viable combination of two products that can be produced in an economy, assuming all resources are fully and efficiently utilized.

Economize

To reduce expenses or to use resources carefully and efficiently to reduce waste and save money.

Full Production

The level of production where a company uses all its resources efficiently.