An Advantage of JIT Systems Is That They Leave a Buffer

question 108

True/False

An advantage of JIT systems is that they leave a buffer stock of inventory available to the organization.

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Definitions:

Medicare

A federal health insurance program in the United States for people aged 65 and over, as well as for younger individuals with certain disabilities.

Health Care Insurance

An insurance policy that covers the cost of medical and surgical treatments for the policyholder.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of earnings, and other factors.

Tax Base

The Tax Base is the total amount of assets, income, or other taxable items upon which a government levies taxes.