A Just-In-Time (JIT) Inventory Management Program Has All but Which

question 112

Multiple Choice

A Just-In-Time (JIT) inventory management program has all but which of the following requirements?

• A) Quality production
• B) Large safety stocks
• C) Close ties between suppliers, manufacturers, and customers
• D) Minimizing inventory levels

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Definitions:

Forgo

The act of giving up something, often as a sacrifice, in preference for something else considered to be of greater value.

Monetary

Relating to money or currency, typically involving the management, transfer, or creation of money.

Interest Rate

The amount charged by a lender to a borrower for the use of assets expressed as a percentage of the principal, influencing investment, spending, and economic growth.

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Refers to placing money into a financial account or institution for safekeeping or as an investment.