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

question 76

Multiple Choice

Which of the following correctly describes Just-in-Time (JIT) Management?

• A) It is a production approach that maintains surplus goods at each stage of manufacture.
• B) It helps managers cut costs by speeding the transformation of raw materials into finished products.
• C) It is a cost management approach that focuses on maintaining large finished goods inventory levels.
• D) It is an inventory approach that stockpiles raw materials to protect against supply interruptions.

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Definitions:

Mechanization

The use of machinery and technology to increase production efficiency, particularly in agriculture and manufacturing, significantly transforming manual labor processes.

Gross Farm Income

The total revenue generated from a farm's operations, including the sale of crops, livestock, and other farm-related products, before expenses are deducted.

Deeper Into Debt

A situation where an individual, organization, or country increases its level of indebtedness, often causing financial strain and limiting future financial flexibility.