The Benefits of a Just-In-Time System Would Include All of the Following

question 66

Multiple Choice

The benefits of a just-in-time system would include all of the following except:

• A) increased warehousing costs.
• B) reduced inventory holding costs.
• C) improved customer satisfaction.
• D) decrease in the number of suppliers.

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Definitions:

Exclusive Jurisdiction

A legal authority of a particular court to be the only court to hear a specific case or type of case, precluding others.

Patent Cases

Legal disputes that involve the infringement, validity, or enforcement of patent rights.

Forum Selection Clause

is a contractual provision that specifies the location and/or jurisdiction in which disputes arising under the contract will be resolved.

Choice Of Law Clause

A provision in a contract specifying which jurisdiction's laws will be applied in interpreting the contract and resolving any disputes.