Which of the Following Statements About a Just-In-Time Operating Environment

question 19

Multiple Choice

Which of the following statements about a just-in-time operating environment is true?

• A) Simplicity and quality are good, but inventories and nonvalue-adding activities are not.
• B) Inventories are necessary to support the production function.
• C) Just-in-time is based on push-through production concepts.
• D) Just-in-time is based on the scientific management principles established by F.W. Taylor.

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Definitions:

Progressive Tax

A taxation system in which the tax rate increases as the taxable amount increases, placing a higher burden on those who earn more.

Sales Taxes

Levies imposed by governments on the sale of goods and services, contributing to public revenue.

Constant-rate

A process or condition that occurs at a steady, unchanging rate over time.

Regressive

Regressive, in economic terms, often refers to a tax system where the tax rate decreases as the taxable amount increases, imposing a greater burden on lower-income individuals.