Which of the Following Pertains to a Just-In-Time Production System

question 24

Multiple Choice

Which of the following pertains to a just-in-time production system?

• A) An individual does fewer tasks than under a traditional system.
• B) Materials and Work in process are combined into a single account.
• C) Units are produced in larger batches than under a traditional system.
• D) Direct labor costs are recorded in their own separate account.

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Definitions:

Fallacy of Division

This logical fallacy assumes that what is true of a whole must also be true of its parts. For example, assuming that because a car is heavy, each part of the car must also be heavy.

Monopoly

A market structure characterized by a single seller facing little to no competition, often resulting in high prices and limited choices for consumers.

Parker Brothers

A toy and game manufacturer known for producing classic games such as Monopoly, Clue, and Risk.

Equivocation

The fallacy of using a word with two different meanings in the premises and/or conclusion of an argument.