Which of the Following Statements Reflects a Key Concept of a JIT

question 11

Multiple Choice

Which of the following statements reflects a key concept of a JIT production system?

• A)The raw materials, work-in-process, and finished goods inventories of manufacturing companies act as buffers so that operations can proceed smoothly, even if suppliers are late with deliveries or departments are unable to operate for a brief period due to breakdowns or other reasons.
• B)The use of many suppliers ensures rapid delivery of materials for production.
• C)The maintenance of a stock of raw materials allows defective materials to be replaced quickly so as to maintain a high rate of productivity.
• D)Inventories are costly to carry and can be kept to minimum levels or eliminated completely with careful planning.
• E)Inventories of raw materials and parts, partially completed goods and finished goods are kept as a reserve against the possibility of running out.

Recognize and appreciate the rights and challenges faced by indigenous populations.

Examine the health issues related to dietary habits and environmental conditions.

Understand the consequences of global warming and environmental pollution.

Identify the role and scope of medical anthropology in addressing global health issues.

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Definitions:

Federal Tax Bracket

Categories at different income levels in the U.S., where varying tax rates are applied.

State Tax Bracket

The division of income ranges that are used to determine the tax rate applicable to an individual's or entity's income within a particular state.

After-tax Return

The profit generated from an investment after all applicable taxes have been paid.

Tax Exemption

A monetary exemption which reduces taxable income, allowing certain income or transactions to be legally exempt from taxation.