The Broad View of JIT Is Now Often Termed __________________________

question 82

Multiple Choice

The broad view of JIT is now often termed __________________________.

• A) vendor-managed inventory
• B) business process reengineering
• C) lean production
• D) cycle time management
• E) e-distribution

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Definitions:

Wage Gap

The disparity in earnings between different groups of workers, often defined by gender, race, or age.

Poverty

A situation where an individual or society does not possess the necessary financial means or basic necessities to maintain a basic living standard.

Social Policies

Guidelines, principles, legislation, and activities that affect the living conditions conducive to human welfare, such as those affecting healthcare, education, and housing.

Philosophical Conservatives

Individuals who emphasize tradition, order, and social stability, advocating for limited government intervention in the economy and society.