All of the Following Are Potential Financial Benefits of Just-In-Time

question 73

Multiple Choice

All of the following are potential financial benefits of just-in-time EXCEPT:

• A)lower investments in inventories
• B)lower investments in plant space for inventories
• C)reducing the risk of obsolescence
• D)reducing manufacturing lead time

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Definitions:

Demand for Labor

The employers' total demand for workers, influenced by wages, productivity, and economic conditions.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource or input.

Formula

A symbolic expression that defines a rule or relationship in mathematics.

Labor

The exertion of human mental and physical strength in the process of producing goods and rendering services.