Under a Just-In-Time Manufacturing System, Large Quantities of Inventory Are

question 51

True/False

Under a just-in-time manufacturing system, large quantities of inventory are accumulated throughout the factory to be certain that components are available each time that they are needed.

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Definitions:

Calculate

To determine or ascertain by mathematical methods; compute.

Direct Expense

Costs that can be directly attributed to a specific product, service, or department within a business.

Indirect Expense

Costs that are not directly attributable to a specific product or service, such as utilities or administrative salaries.

Rent

A periodic payment made by a tenant to a landlord in exchange for the use of land, a building, or other property.