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

question 115

Multiple Choice

Which 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.
• E)A firm acquires inventory only once customers have placed orders for their product.

---

Definitions:

Heteronomous Thinking

A stage in cognitive development where children believe that rules are unchangeable and given by authority, typically associated with Jean Piaget's moral development stages.

Preconventional Moral Thought

The first stage in Kohlberg's theory of moral development, where behavior is influenced by the consequences of actions, including punishment and reward.

Immanent Justice

Piaget’s concept of the childhood expectation that if a rule is broken, punishment will be meted out immediately.

Moral Development

The process through which individuals learn to distinguish right from wrong, and to develop values and ethical behavior.