Factors That Are Relevant in a JIT System, but Not

question 14

Multiple Choice

Factors that are relevant in a JIT system, but not for the EOQ model, include

• A)quality of materials.
• B)timeliness of deliveries.
• C)stockout costs.
• D)carrying costs.
• E)quality of materials, timeliness of deliveries, and stockout costs.

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Definitions:

Participative Leadership

A leadership style where decision making is shared among group members, valuing their input and engagement in setting goals and solving problems.

Information Power

The influence and control one gains from possessing, controlling, and disseminating valuable information.

Ability

Innate and learned competency; talent required to perform a task; one’s level of achievement based on skill, motivation, and expectation that one will succeed. The greater the ability, the greater the potential for leadership effectiveness. See job knowledge.

Servant Leader

A leadership philosophy which posits that the main goal of a leader should be to serve others, placing the needs of the team above their own.