A Financial Benefit of a Just-In-Time System Is That Inventory

question 79

True/False

A financial benefit of a just-in-time system is that inventory carrying costs are reduced.

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Definitions:

Communications Technology

The array of systems and devices used to transmit, receive, and exchange information, including telephones, radios, computers, and the internet.

Personal Computers

Electronic devices that are used by individuals for personal, rather than business or organizational, purposes to perform various tasks.

Job Analysis

The process of studying and collecting information about a job's tasks, responsibilities, and the necessary skills for performance.

HRM Functions

The diverse roles and responsibilities of the Human Resources Management department, including recruitment, training, performance appraisal, and compensation management.