Which of the Following Correctly Describes Just-In-Time (JIT)inventory Management

question 153

Multiple Choice

Which of the following correctly describes just-in-time (JIT) inventory management?

• A)It is a production approach that maintains surplus goods at each stage of manufacture.
• B)It is an inventory purchase approach that seeks purchase discounts on buying large quantities.
• C)It is a cost management approach that focuses on maintaining lean inventory levels.
• D)It is an inventory approach which stockpiles raw materials to protect against supply interruptions.

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Definitions:

Idealism

The belief that the human mind and consciousness are more important in understanding the human condition than is the material world.

Alienation

The feeling of being isolated or disconnected from one’s social surroundings, work, or sense of self, often discussed in sociology and psychology.

Rehabilitative Facilities

Institutions designed to help individuals recover and rehabilitate, often from physical injuries, substance abuse, or criminal behavior, through therapy and support.

Sympathetic Introspection

A method of understanding others by imagining oneself in their situation to gain emotional and intellectual insight into their experiences.