A Just-In-Time Manufacturing Process Should Have Substantially Less of Which $\text {\underline{ I dile tille} }$

question 138

Multiple Choice

A just-in-time manufacturing process should have substantially less of which of the following than a traditional manufacturing process?
$\text {\underline{ I dile tille} }$     $\text {\underline{ Transfer time} }$       $\text {\underline{Value-added time} }$        $\text {\underline{ Cycle time} }$

• A)yes yes yes yes
• B)yes no no yes
• C)yes yes no yes
• D)no yes yes no

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Definitions:

Flows of Funds

The movements of money between sectors of an economy, showing how funds are used and where they come from.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

Balance of Payments

A financial statement that summarizes a country’s transactions with the rest of the world, including imports, exports, and capital flows.

Credit Item

An entry that increases the balance in a bank account or financial statement, signifying an inflow of funds.