Which of the Following IS NOT an Advantage of a Just-In-Time

question 62

Multiple Choice

Which of the following IS NOT an advantage of a just-in-time inventory system?

• A)reduction in storage and warehousing cost.
• B)risk of stock outs.
• C)reduction in working capital requirements.
• D)reduction in costs associated with recordkeeping.

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Definitions:

Government Policy

Actions and strategies that governments enact to achieve economic, social, or political objectives.

Consumer Surplus

The distinction between the price consumers intend to pay for a product or service and the price they actually pay.

Government Policy

Laws, regulations, and actions taken by a government to monitor, regulate, or influence economic, social, or environmental outcomes.

Producer Surplus

The distinction between what sellers expect to earn from a good or service and the actual compensation they receive.