When a Firm Changes to a JIT Operating and Management

question 39

Multiple Choice

When a firm changes to a JIT operating and management philosophy,

• A) it attempts to increase the number of suppliers it has for each item it uses to ensure a reliable flow of materials into the production process.
• B) it seeks out the lowest-cost bidder for supplies in order to minimize costs.
• C) it works more closely with fewer suppliers.
• D) all of these are correct.

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Definitions:

Goal Setting Theory

A motivational theory that emphasizes the setting of specific and challenging goals to enhance performance in tasks.

Social Needs

Social needs are inherent psychological requirements for belonging, love, and interpersonal relationships that motivate behavior.

Interpersonal Relationships

Social connections and associations between two or more individuals, varying in duration and levels of intimacy and significance.

Esteem Needs

are psychological requirements for respect, self-esteem, recognition, and confidence, part of Maslow's hierarchy of needs.