At Toyota,parts Are Delivered to the Assembly Line Instead of a Storage

question 66

Multiple Choice

At Toyota,parts are delivered to the assembly line instead of a storage warehouse.This is an example of

• A)just-in-time inventory.
• B)benchmarking.
• C)management by objective.
• D)quality circles.
• E)computer-assisted manufacturing.

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Definitions:

Negative Externality

A description of a situation where individual or corporate actions result in harmful effects on third parties or the environment, not compensated by the price of transactions.

Water Pollution

The contamination of water bodies such as rivers, lakes, and oceans, due to the discharge of harmful substances into these environments.

Adverse Selection

A situation in insurance and other markets where buyers and sellers have asymmetric information, leading to transactions where one party might have higher risks than the other perceives.

Used Cars

Pre-owned vehicles that have been previously registered and utilized by one or more retail owners.