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:

Independent Variables

Variables in an experiment or model that are manipulated or controlled by the researcher to investigate their effect on dependent variables.

Dependent Variables

Variables in an experiment or model that are expected to change in response to changes in independent variables.

Intercept

In the context of a regression line, it is the expected value of the dependent variable when all independent variables are zero.

Slope

In the context of linear regression, the coefficient indicating the rate of change in the dependent variable for one unit change in an independent variable.