JIT Systems Are Based on the Concept Associated with Pull

question 52

True/False

JIT systems are based on the concept associated with pull systems rather than push systems.

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Definitions:

Capital Lease

A lease agreement that is recorded as an asset on a lessee's balance sheet, signifying that the lessee has substantially all the risks and rewards of ownership.

Delivery Truck

A vehicle designed for transporting goods from one location to another.

Vehicles Account

An account used in accounting to track the cost and depreciation of a company's vehicles.

Land Improvements

Enhancements made to land such as landscaping, fencing, and paving, which extend the use and increase the property value.