What of the Following Best Describes Just-In-Time Inventory Management

question 38

Multiple Choice

What of the following best describes just-in-time inventory management?

• A) Inventory is maintained as a buffer to meet uncertainties in demand, supply, and movements of goods.
• B) Production inefficiencies arising when production capacity stands idle for lack of materials are minimized by holding a small stock of essentials at all times.
• C) A firm acquires inventory precisely when needed so that its inventory balance is always at, or close to, zero.
• D) A firm minimizes the time lags present in the supply chain by maintaining a certain amount of inventory to use in these lag times.

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Definitions:

Permissive Parent

A parenting style characterized by a high degree of affection and minimal discipline, allowing children significant freedom and self-regulation.

Authoritative Parent

A parenting style characterized by high expectations of maturity, clear rules and guidelines, and emotional warmth and nurturing.

Uninvolved Parent

A caregiver who shows little to no emotional support, guidance, or involvement in their child's life.

Discipline

The method of teaching individuals to follow a set of rules or conduct by utilizing disciplinary actions to rectify non-compliance.