JIT Is Often Mistakenly Assumed to

question 105

Multiple Choice

JIT is often mistakenly assumed to

• A) refer to the final assembly schedule only
• B) dictate the product standards specification
• C) refer to only just-in-time manufacturing
• D) be a core element of ISO 9000 requirements
• E) be driven by the finance department long range spending plan

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Definitions:

Normal Random Variable

A variable that follows a normal distribution in its value distribution.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the numbers are from the mean.

Mean

The arithmetic average of a set of values, calculated by adding all the values together and then dividing by the number of values.

Standard Deviations

An indicator of how much the values in a collection differ from each other.