JIT Can Be Traced Back to the Early 1900's but No

question 13

Multiple Choice

JIT can be traced back to the early 1900's but no one can argue that the philosophy gained worldwide prominence

• A) at the close of WWII
• B) in the 1950s
• C) in the 1960s
• D) in the 1970s
• E) in the 1980s

---

Definitions:

Labor Standards

Benchmarks or norms established for the amount of labor required to perform a task efficiently, often used to set production targets and labor budgets.

Particular Product

A specific item or good offered for sale by a business.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost of labor based on standard rates and hours.

Labor Standards

Benchmarks or norms for the amount of labor time required to perform a certain task or produce a certain amount of goods.