Which of the Following Is the Major Benefit to a Firm

question 15

Multiple Choice

Which of the following is the major benefit to a firm of using just-in-time inventory management?

• A)It largely eliminates the carrying costs of maintaining a large inventory.
• B)It reduces acquisition costs for placing goods in inventory.
• C)It minimises the total number of orders that the firm places.
• D)It minimises the risk of stock-outs.

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Definitions:

Trust

The belief in the reliability and truthfulness of someone or something.

Agreeableness

A personality trait characterized by warmth, kindness, and cooperation.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Sense of Humor

An individual's ability to perceive, enjoy, or express what is funny, amusing, or ludicrous.