Which of the Following Is True Regarding JIT Systems

question 31

Multiple Choice

Which of the following is true regarding JIT systems?

• A) JIT systems do not have backup inventory.
• B) JIT usually entails less frequent deliveries.
• C) JIT requires manufacturers to add new warehouses.
• D) JIT requires suppliers to respond to very short order lead times and the customer's production schedule.
• E) Manufacturers must locate their facilities next to important customers in order to practice JIT.

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Definitions:

Base Year

A reference year against which economic growth, inflation, and other economic indicators are measured to assess changes over time.

A W Phillips

An economist known for the Phillips Curve, which suggests an inverse relationship between unemployment and inflation rates.

Unemployment Rate

The quota of the working-age population that is without a job and searching for one.

Rate Of Change

A measure that determines the extent to which a quantity grows or declines over a particular period of time, often expressed as a percentage.