What Is the JIT Solution

question 125

Multiple Choice

What is the JIT solution?

• A)It requires carrying materials inventory to lower the cost of inventory without production delays.
• B)It requires selection of vendors based on lowest cost alone.
• C)It negotiates long-term contracts with involved suppliers located closest to the production facility
• D)It requires a solid forecast to push production.

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Definitions:

Prototype

An initial model or sample of a product used to test a concept or process before final production.

Social Category

A classification of people based on shared characteristics or attributes, such as gender, race, or occupation.

Social Identity Theory

A theory that states that people form perceptions of themselves based on their personal characteristics and memberships in social categories.

Stereotypes

Oversimplified ideas or generalizations about a group of people that often lead to misconceptions and biases.