What Makes JIT Superior to the Traditional Approach of Inventory

question 53

Multiple Choice

What makes JIT superior to the traditional approach of inventory management?

• A)The traditional approach accepts the existence of setup costs,but not carrying costs or inventories.JIT accepts the existence of setup and carrying costs,but pushes for zero inventories.
• B)The traditional approach accepts the existence of carrying costs and inventories,but not setup costs.JIT accepts the existence of setup costs but not carrying costs and pushes for zero inventories.
• C)The traditional approach accepts the existence of both setup costs and carrying costs and attempts to find the order quantity that best balances those costs.JIT does not accept either setup costs or carrying costs and pushes for zero inventory levels.
• D)The traditional approach does not accept carrying costs or setup costs.JIT minimizes both setup and carrying costs by finding the best order quantity to balance these costs.

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Definitions:

Phallic Stage

A phase in Freudian psychosexual development, occurring roughly between the ages of three and six, where the libido's focus is on the genital organs.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.

Psychoanalytic Therapy

A therapeutic approach that explores how unconscious thoughts and childhood experiences affect current behavior and mental health.

Freud's Views

The theories proposed by Sigmund Freud that emphasize the unconscious mind, sexual and aggressive instincts, and childhood experiences in shaping personality.