In a Just-In-Time Environment

question 137

Multiple Choice

In a just-in-time environment,

• A)production runs are interrupted each day at setup time to perform routine maintenance.
• B)scheduled and preventive maintenance is extremely important.
• C)cost savings are realized by performing maintenance whenever it is needed.
• D)routine minor maintenance is always performed by the repair department.

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Definitions:

Short-Term Investment

Financial assets that are expected to be converted into cash or sold within one year or within the current business cycle.

Common Stock

A type of equity security that represents ownership in a corporation, usually with voting rights.

Securities Purchased

Financial instruments like stocks, bonds, or mutual funds that have been bought and are now owned by the purchaser.

Stock Investments-Run

Stock investments-run refers to the active management or trading of stock investments over a certain period to achieve specific financial goals.