Which of the Following Statements Best Defines a Just-In-Time Production

question 130

Multiple Choice

Which of the following statements best defines a just-in-time production system?

• A) a push-through system that manufactures finished goods for inventory on the basis of demand forecasts
• B) a push-through system in which each component in a production line is produced immediately as needed by the next step in the production line
• C) a demand-pull system that manufactures finished goods for inventory on the basis of demand forecasts
• D) a demand-pull system in which each component in a production line is produced immediately as needed by the next step in the production line

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Definitions:

Disposable Personal Income

The total amount of money available for an individual to spend or save after taxes have been paid.

Non-corporate Businesses

Businesses that are not incorporated, typified by sole proprietorships, partnerships, and limited liability companies, often subject to different tax structures.

Permanent Residents

Individuals who are granted the right to live indefinitely within a country other than their nationality without being citizens.

Household Expenditure

The total spending by households in an economy, including consumption, rent, utilities, and other expenses.