According to the Just-In-Time Philosophy

question 131

Multiple Choice

According to the just-in-time philosophy,

• A)maintaining inventories wastes resources and frequently covers up poor work or other problems.
• B)push-through manufacturing flows are the most efficient.
• C)inventories of finished goods should always be available to meet customer demand.
• D)long production runs and large production lot sizes take advantage of economies of scale.

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Definitions:

Value

The importance, worth, or usefulness of something, often measured in terms of money, cultural significance, or utility.

Employer Discretion

The latitude granted to employers in making decisions regarding hiring, salary levels, promotions, and employee termination.

Wages

Remuneration given to laborers for their efforts, usually measured in terms of hours worked, daily rates, or per unit of output.

Workers

Individuals engaged in a particular task or activity, especially in relation to their employment or contribution to the economy.