Which of the Following Isnot a Component of Just-In-Time (JIT)production

question 38

Multiple Choice

Which of the following isnot a component of just-in-time (JIT) production methods?

• A)Management uses JIT methods to obtain materials just in time for production.
• B)Management provides finished goods just in time for sale.
• C)JIT requires that workers immediately correct a process making defective unit.
• D)Workers and supervisors can hide defective units in inventory.

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Definitions:

Compounded Annually

The calculation of interest on the initial principal, which includes all accumulated interest from previous periods on a deposit or loan.

Compounded Semi-annually

Refers to the process where interest is added to the principal balance of an investment or loan twice a year, resulting in the interest earning interest.

Perpetuity

A financial instrument that pays a fixed amount of money indefinitely, with no end date.

Annually Compounded

A method of calculating interest where the interest is added to the principal sum once a year, resulting in interest on interest.