A Manufacturing Organization Using a JIT System Can Achieve Major

question 69

Multiple Choice

A manufacturing organization using a JIT system can achieve major cost savings as a result of ________ inventory turnover and ________ inventory holding costs.

• A) decreasing; decreasing
• B) increasing; increasing
• C) increasing; decreasing
• D) decreasing; increasing

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Definitions:

Filing Cabinet

A piece of office furniture used for storing documents, files, and other materials in an organized manner.

Long-term Memory

A type of storage in the brain capable of holding information for an extended period of time, from hours to a lifetime.

Revolving Door

A metaphor often used to describe a situation where individuals move back and forth between roles as industry professionals and regulators, leading to potential conflicts of interest.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to an inability to recall recent experiences.