Under a More Traditional System,as Opposed to a JIT System,warehousing

question 2

Multiple Choice

Under a more traditional system,as opposed to a JIT system,warehousing parts for weeks before they are used:

• A)becomes more efficient for the firm.
• B)allows defective parts to be produced before a problem is recognised.
• C)increases transportation costs for the firm.
• D)increases the level of quality awareness within a firm.

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Definitions:

Higher Income

Refers to earnings that are above the median income level for a given region or population, often associated with greater economic stability and purchasing power.

Poverty Line

is a threshold set by a government or organization, below which individuals or families are considered to live in poverty, based on income.

Poverty Rate

A measure of the proportion of a population living below the poverty line, indicating the extent of economic hardship.

Working Poor

Individuals who have employment but whose income levels fall below a poverty line, typically due to low-paying jobs.