Which of the Following BEST Describes Just-In-Time Inventory Management

question 40

Multiple Choice

Which of the following BEST describes just-in-time inventory management?

• A) Inventory system which stockpiles raw materials to protect against supply interruptions
• B) Production system that focuses on delivering materials and goods in exactly the right quantity when needed
• C) Inventory purchasing process that gains purchase discounts by buying in large quantities
• D) Production system that stores surplus goods at each stage of manufacture

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Definitions:

Behaviourist Theory

A theory in psychology that focuses on observable behaviors and the ways they're learned, rather than internal states like thoughts or feelings.

Nativist Theory

The theory that human traits, especially language, are innate and coded into one's genetics.

Language Acquisition

The process by which humans acquire the capacity to perceive, produce, and use words to understand and communicate.

Heuristic

A problem-solving approach using practical methods or rules of thumb for making quick decisions, often sacrificing accuracy for speed.