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The JIT Operating Philosophy Must Be Adopted by Everyone in a Company

question 113

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The JIT operating philosophy must be adopted by everyone in a company before its total benefits can be realized.


Definitions:

Rate of Return

The profit or deficit generated from an investment over an indicated time frame, shown as a ratio of the investment's initial cost.

Investments

Items or resources purchased with the aim of earning revenue or increasing in value as time progresses.

Deposit

A sum of money placed or kept in a bank account, usually to gain interest.

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