A Just-In-Time Environment Has Smaller Inventories Than the Traditional Manufacturing

question 97

Multiple Choice

A just-in-time environment has smaller inventories than the traditional manufacturing environment.As a result,

• A)larger production lot sizes are the rule,in order to realize the cost-effectiveness of long production runs.
• B)the amount of working capital required for inventory typically increases.
• C)the just-in-time environment experiences a lower inventory turnover than the traditional environment.
• D)the just-in-time environment typically experiences a higher inventory turnover than the traditional environment.

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Definitions:

Optimum Population Size

The ideal number of individuals in a species that an environment can support sustainably without degrading natural resources.

Population Growth

The increase in the number of individuals in a population, influenced by factors such as birth rates, death rates, and migration.

Political System

The structure of government, including institutions and processes, that governs a society.