XYZ Corp Is Focusing on the Objective of Low-Cost, High Quality

question 23

Multiple Choice

XYZ Corp. is focusing on the objective of low-cost, high quality, on-time production by minimizing idle productive facilities and workers. The XYZ Corp. is taking advantage of a __________ system.

• A)Last In, First Out (LIFO)
• B)Highly mechanized
• C)First In, First Out (FIFO)
• D)Just-In-Time (JIT)

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Definitions:

Wood Glue

An adhesive specifically formulated for bonding wood surfaces together.

Output Units

The units of production or service delivery output by a process or system within a given period.

Labour Hours

The total amount of working time executed by employees, usually measured in hours, for producing goods or delivering services.

Incremental Value

The additional financial worth generated as a result of a specific action or decision.