When Is the Appropriate Time to Purchase or Produce Goods

question 50

Multiple Choice

When is the appropriate time to purchase or produce goods and services in a just-in-time (JIT) environment?

• A)when the available inventory equals the economic ordering quantity.
• B)when the inventory equals one-half of the next months requirements.
• C)when the inventory equals the next months requirements.
• D)when the company needs them.

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Definitions:

Positivism

A theoretical approach that considers all understanding to be based on science.

Criminal Behaviour

Conducts that violate legal statutes and are subject to sanctions by state authority.

Nutritional Deficiencies

Conditions caused by insufficient intake of essential nutrients, leading to various health problems and diseases.

Anti-Social Behaviour

Actions that harm or lack consideration for the well-being of others, often violating social norms and laws.