Just-In-Time (JIT)Production Is Also Called "Lean Production

question 109

True/False

Just-in-Time (JIT)Production is also called "lean production."

---

Definitions:

Investment Yield

The profits made from an investment during a specified timeframe, represented as a proportion of the original investment's value.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.

Annually Compounded

Interest on an investment that is calculated and added to the principal sum once a year.

Rate of Return

The positive or negative change in the worth of an investment, quantified over a predetermined period and depicted as a percentage of the initial investment cost.