JIT Responds to the Problems Traditionally Solved by Carrying Inventories

question 73

Multiple Choice

JIT responds to the problems traditionally solved by carrying inventories by

• A) ensuring that sufficient inventory is on hand to prevent stockouts.
• B) purchasing extra materials when price discounts are offered.
• C) negotiating long-term contracts with supplier to lock in low prices.
• D) selecting an inventory level that minimizes the total of ordering and carrying costs.
• E) choosing a wide number of suppliers to increase the chance of receiving quantity discounts.

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Definitions:

Polarization

A process by which differences between opposing viewpoints or factions become more extreme, leading to increased conflict and division.

Sympathetic Nervous System

Part of the autonomic nervous system that activates the body's "fight or flight" response during stress.

Fight-or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, preparing the body for either confrontation or avoidance.

Somatic

Relating to or affecting the body, especially as distinct from the mind.