An Approach to Managing Inventories and Production Operations Such That

question 24

Multiple Choice

An approach to managing inventories and production operations such that units of materials and products are obtained and provided only as they are needed is called:

• A) Continuous improvement.
• B) Customer orientation.
• C) Just-in-time manufacturing.
• D) Theory of constraints.
• E) Total quality management.

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Definitions:

Misrepresentation

The act of giving false or misleading information about a matter of fact, which may induce someone to enter into a contract or make a decision they otherwise might not have made.

Rescinds

To annul, rescind, or abolish a law, order, or agreement.

Deceit

A tort involving intentional misrepresentation or cheating by means of some device.

Injury

Physical harm or damage to a person's body, or harm to one's reputation or emotions in a legal context.