The JIT Approach to Inventory Management

question 29

Multiple Choice

The JIT approach to inventory management

• A)allows greater flexibility as to when products can be manufactured.
• B)results in higher inventory levels but reduces ordering and setup costs.
• C)results in lower inventory carrying costs.
• D)none of these.

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Definitions:

Domestication

The process of adapting wild plants and animals for human use, such as for food, work, clothing, or companionship.

Reproductive Success

The relative production of fertile offspring by a genotype. In practical terms, the number of offspring produced by individual members of a population is tallied and compared to that of others.

Plant-Human Interactions

The various ways in which plants and humans affect each other's lives, ranging from agriculture to cultural practices.

Domestication

The process by which humans modify the genetic features of plants and animals to accentuate traits that are beneficial for humankind.