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:

P(A And B)

The chance of event A occurring together with event B.

Lone Pair

A pair of valence electrons that are not involved in bonding but occupy space around an atom.

Strongly Basic

A substance or solution with a very high pH, typically greater than 11, indicating a high concentration of hydroxide ions.

Weakly Basic

A property of a compound that partially accepts protons but does not ionize completely in solution.