What Method of Production Eliminates the Need for Inventories Because

question 22

Multiple Choice

What method of production eliminates the need for inventories because no production takes place until the firm knows that it will sell the item?

• A)First-in,last-out methods
• B)Last-in,first-out methods
• C)Just-in-time methods
• D)Next-in,first-out methods

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Definitions:

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The accumulated experiences and processes through which individuals have acquired knowledge and skills over time.

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