Which of the Following Statements About Concurrent Manufacturing Is FALSE

question 44

Multiple Choice

Which of the following statements about concurrent manufacturing is FALSE?

• A) Concurrent manufacturing means that the supplier can keep inventory costs down
• B) In concurrent manufacturing, suppliers schedule their own manufacturing based on the shipment needs of their customers
• C) JIT and concurrent manufacturing can only be used by suppliers of component parts
• D) An important technological development that enabled many firms to use JIT was EDI
• E) In order for suppliers to reduce their costs, they are turning to concurrent manufacturing

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Definitions:

Behavioral Economics

A branch of economics that examines how psychological, emotional, cognitive, cultural, and social influences impact the economic choices made by individuals and institutions.

Economic Behavior

The study of how individuals, businesses, and governments make choices on allocating resources to satisfy their wants and needs.

Narrowly Self-Interested

Acting with only one's immediate personal benefit in mind, often disregarding the well-being or interests of others.

Behavioral Economists

Researchers who study the effects of psychological, cognitive, and emotional factors on economic decision-making.