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

question 105

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 is an inventory purchase approach that seeks purchase discounts on buying large quantities.
• C) It is a cost management approach that focuses on maintaining lean inventory levels.
• D) It is an inventory approach that stockpiles raw materials to protect against supply interruptions.

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Definitions:

Empathize

To empathize is to understand and share the feelings of another, allowing for a deep and emotional connection, often used in effective communication and conflict resolution.

Saudi Arabia

A country in the Middle East known for its vast deserts, oil reserves, and as the birthplace of Islam.

Japan

A country located in East Asia, known for its rich culture, advanced technology, and distinctive arts and cuisine.

Finland

A Nordic country located in Northern Europe, known for its vast forests, lakes, and high standard of living, as well as being home to the education system often cited as one of the best in the world.