What Is the Correct Chronological Order of the Items Listed

question 76

Multiple Choice

What is the correct chronological order of the items listed below?

• A) Good credit history, loan contract, repayment schedule, loan application
• B) Good credit history, loan application, loan contract, repayment schedule
• C) Good credit history, repayment schedule, loan application, loan contract
• D) Good credit history, repayment schedule, loan contract, loan application

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Definitions:

JIT

Just-In-Time, a lean manufacturing principle aiming to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.

Small Lot Size

A production strategy where quantities of manufactured items are kept low, allowing for greater flexibility in product variation and reducing inventory costs.