Which of the Following Correctly Describes Just-In-Time (JIT)inventory Management

question 153

Multiple Choice

Which of the following correctly describes just-in-time (JIT) inventory management?

• A)It is a production approach that maintains surplus goods at each stage of manufacture.
• B)It is an inventory purchase approach that seeks purchase discounts on buying large quantities.
• C)It is a cost management approach that focuses on maintaining lean inventory levels.
• D)It is an inventory approach which stockpiles raw materials to protect against supply interruptions.

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Definitions:

Caldera

A caldera is a large, depression-like feature that forms following the eruption and collapse of a volcano, often containing a lake or new volcanic vents.

Gas Bubbles

Pockets of gas trapped within solid substances, including erupting lava, which can expand and rise due to lower density compared to the surrounding material.

Moderate Depths

Refers to an intermediate level of depth, neither shallow nor deep, often used in the context of bodies of water or geological features.

Shallow Levels

Areas close to the Earth's surface or seabed, where geological processes or features might be more pronounced or accessible.