A Just-In-Time Inventory System Allows a Firm To

question 201

Multiple Choice

A just-in-time inventory system allows a firm to:

• A) extend credit to new customers.
• B) provide sufficient inventory for most contingencies.
• C) reduce their investment in inventory.
• D) reduce capital expenditures.

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Definitions:

Continuous Order

A process or instruction that operates without interruption or pause.

Infusion Pump

An electronic medical device used to deliver fluids, such as nutrients and medications, into a patient's body in controlled amounts.

IVPB Antibiotic

An intravenous piggyback (IVPB) delivery method for administering antibiotics through a secondary line attached to the primary IV line.

Microdrip Infusion Set

A medical apparatus designed for the administration of fluids and medications into patients, delivering small, precisely controlled drops per milliliter (usually 60 drops/ml).