Which Statement About JIT Is FALSE

question 17

Multiple Choice

Which statement about JIT is FALSE?

• A) JIT minimizes inventories of raw materials, work in process and finished goods.
• B) JIT eliminates non-value-added activities such as inspection.
• C) JIT decreases the amount of time products spend in the production process.
• D) JIT focuses on customer satisfaction and the prevention of defects.

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Definitions:

Holder in Due Course

A party possessing a negotiable instrument (like a check) in good faith and for value, with certain protections against claims and defenses.

Payable to Cash

A term indicating that a check or other document is made out to "Cash" instead of a specific payee, allowing anyone who holds it to cash it.

Voluntary Transfer

The intentional conveyance of property or rights from one party to another without coercion or force.

Unauthorized Signature

A signature made without the expressed permission of the person purported to have signed, potentially leading to legal or financial complications.