A Financial Benefit of a Just-In-Time System Is That Inventory

question 79

True/False

A financial benefit of a just-in-time system is that inventory carrying costs are reduced.

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Definitions:

Course of Performance

An aspect of contract law, referring to the conduct between parties in the performance of a contractual agreement, which can help interpret the contract's terms.

Executed Contract

A contract that has been completely performed by both parties.

Contractual Obligation

A duty or responsibility that is legally binding under the terms of a contract.

Obvious Terms

Conditions or elements in an agreement or contract that are clear and unmistakable to all parties involved, often not needing explicit statement or detailed explanation.