Just-In-Time Inventory Systems

question 7

Multiple Choice

Just-in-time inventory systems:

• A) are used only by manufacturing firms.
• B) provide a buffer stock of inventory for a company.
• C) are used to reduce inventory holding costs.
• D) save costs by outsourcing inventory management to other companies.
• E) always keep extra inventory on hand for emergencies.

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Definitions:

Functionalism

A sociological theoretical viewpoint that sees society as a complicated system with components that collaborate to foster cohesion and stability.

Social Order

The organized and patterned social arrangements which are maintained through social, legal, and political institutions to provide a sense of stability and predictability to societal members.

Conflict Theory

A theoretical framework that views social and economic differences as the cause of division and conflict in society, emphasizing power dynamics and material inequality.

Sexual Violence

Any sexual act or attempt to obtain a sexual act by violence or coercion, acts directed against a person's sexuality, regardless of the relationship to the victim.