Which of the Following Statements Is True of Just-In-Time Management

question 52

Multiple Choice

Which of the following statements is true of just-in-time management systems?

• A)It involves ordering raw materials in large quantities to obtain volume discounts.
• B)It triggers production after the customer places an order.
• C)Its successful implementation is independent of vendor relationships.
• D)It contracts with suppliers to deliver large quantities of goods once a year.

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Definitions:

Absolute Frequency

The count of occurrences or instances of a particular event or property in a dataset.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.

Variable

A symbol or placeholder that represents an unknown or changeable value in mathematics and programming.

Values

Fundamental beliefs or standards that guide behavior and decision-making in individuals or societies.