Which of the Following Statements About a Just-In-Time Operating Environment

question 19

Multiple Choice

Which of the following statements about a just-in-time operating environment is true?

• A) Simplicity and quality are good, but inventories and nonvalue-adding activities are not.
• B) Inventories are necessary to support the production function.
• C) Just-in-time is based on push-through production concepts.
• D) Just-in-time is based on the scientific management principles established by F.W. Taylor.

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Definitions:

Natural Law

A philosophy asserting that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.

External Objective

Goals or targets set by an organization that relate to interactions with elements outside of the organization, such as market share or customer satisfaction.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The obligated party is typically someone entrusted with the care of money or property, like a trustee or corporate officer.

Corporate Managers

Individuals responsible for making major decisions, overseeing daily operations, and implementing policies within a corporation to achieve organizational goals.