An Advocate of Just-In-Time Inventory System Would Say

question 65

Multiple Choice

An advocate of just-in-time inventory system would say:

• A)Maintain a large inventory selection for customers.
• B)Leave extra time in order to make inventory deadlines.
• C)Maintain a small inventory supply.
• D)LIFO is preferred over FIFO.

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Definitions:

Bank of the United States

A central banking system created in the late 18th and early 19th centuries to handle the financial needs and requirements of the growing United States government.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.

Excise Tax

A tax on specific goods or activities, often included in the price of products like alcohol, tobacco, and gasoline, used by governments to raise revenue.