What Does the JIT Approach to Inventory Management Achieve

question 5

Multiple Choice

What does the JIT approach to inventory management achieve?

• A)It allows greater flexibility as to when products can be manufactured.
• B)It results in higher inventory levels and reduces ordering and setup costs.
• C)It results in lower inventory carrying costs.
• D)It allows fewer employees to be included in the production process.

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Definitions:

"Teacher"

A professional who helps students to acquire knowledge, competence, or virtue in an educational setting.

Experimenter

An individual conducting a controlled test to examine a hypothesis in a scientific study.

Safety

Safety encompasses the conditions and practices that protect people from harm, injury, or danger in various environments and activities.

Milgram's Experiment

A psychological experiment conducted by Stanley Milgram to study obedience to authority, revealing people's willingness to follow orders even when they cause harm.