The Following Practices Are Considered Essential for a Comprehensive JIT

question 36

True/False

The following practices are considered essential for a comprehensive JIT implementation:
1. Uniform production (also known as heijunka)
2. Quick set times
3. Small lot sizes
4. Short lead times

---

Definitions:

Adjusting Entries

Journal entries made before the preparation of financial statements to ensure that revenues and expenses are recognized in the period they occur.

Employee Discrimination Lawsuit

A legal claim brought by employees against an employer alleging unlawful discrimination in the workplace.

Product Liability Lawsuit

Legal action taken against a manufacturer or seller for producing or selling a defective product that causes injury or harm to the consumer.

Vacation Pay

A benefit provided by employers that pays employees while they are on holiday.