Which of the Following Is a Part of the "Just-In-Time

question 144

Multiple Choice

Which of the following is a part of the "Just-In-Time" inventory control philosophy?

• A)Job tasks should be highly specialized.
• B)Machinery must produce a large number of items to justify long set-up times and high costs.
• C)The lower the level of inventory a manufacturer maintains,the more efficient is the production system.
• D)Long production runs of standard items are ideal.

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Definitions:

Secured Bond

A bond backed by collateral to decrease the risk of default.

Due Process

A fundamental legal principle that ensures fair treatments and procedures are followed by the government before depriving a person of life, liberty, or property.

Fourth Amendment

A provision in the U.S. Constitution protecting individuals from unreasonable searches and seizures by the government.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet legally formed, with certain conditions for later adoption by the corporation.