Which of the Following BEST Describes Just-In-Time Inventory Management

question 138

Multiple Choice

Which of the following BEST describes just-in-time inventory management?

• A) Production system that stores surplus goods at each stage of manufacture
• B) Inventory purchasing process that gains purchase discounts by buying in large quantities
• C) Production system that focuses on delivering materials and goods in exactly the right quantity when needed
• D) Inventory system which stockpiles raw materials to protect against supply interruptions

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Definitions:

Organizational Identity

The shared beliefs and values that define what an organization stands for and how it perceives itself.

Personalities

The amalgamation of traits and qualities that create a person's unique character.

Organizational Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a business unit, division, department, or an operating unit within an organization.

Bureaucratic Organizational Structure

An organizational model characterized by a hierarchy of authority, formalized rules and procedures, and impersonal relationships.