In a Just-In-Time Inventory System,suppliers

question 38

Multiple Choice

In a just-in-time inventory system,suppliers:

• A) Deliver materials and parts in large quantities only a few times a year.
• B) Enjoy much lower delivery costs.
• C) Have a great deal of flexibility in determining when to make deliveries.
• D) Become more like a department in the producing firm rather than a separate business.

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Definitions:

Colour

The characteristic of visual perception described in terms of hue, lightness, and saturation, which objects produce by the way they reflect or emit light.

Physical Property

A characteristic of a substance that can be observed or measured without changing the substance's identity.

Impossible Figures

Optical illusions or drawings of objects that appear to be real and three-dimensional but are geometrically impossible to exist in reality.

Three-Dimensional Space

A geometric setting in which three values are required to determine the position of an element (point, object).