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

---

Definitions:

Obligee

The party in a contractual agreement who is owed a performance or payment by another party (the obligor).

Assignee

An individual or entity to whom rights or interests are transferred by another, known as the assignor.

Good Faith

Acting with honesty and sincerity without intention to defraud or seek an unfair advantage.

Delegation

The act of assigning responsibility or authority from one person to another, often seen in the context of tasks and duties.