Which of the Following Is NOT True of a JIT

question 100

Multiple Choice

Which of the following is NOT true of a JIT system?

• A) Increases inventory turnover
• B) Reduces inventory holding costs
• C) Reduces warehousing costs
• D) Increases buffer stock of inventory
• E) Reduces costs of capital tied up in inventory

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Definitions:

Economic Interests

The financial stakes or incentives that individuals or entities have in the outcomes of business ventures, policies, or transactions.

False Statements

Misrepresentations or untrue declarations, especially when made deliberately to deceive.

Noncompetition Agreements

Contracts restricting a person's ability to work in a competing business or industry for a specified period after leaving an employer.

Trade Secrets

Confidential information, practices, or processes used by a company that provide it with a competitive advantage.