Which of the Following Is Not an Element of Just-In-Time

question 49

Multiple Choice

Which of the following is not an element of Just-in-time processing (JIT) ?

• A) Steady demand from customers
• B) Efficiency in production process
• C) Buffer stocks of finished goods
• D) Strict quality control

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Definitions:

User Costs

The costs associated with the use of a product or service, including purchase price, maintenance, and operation expenses.

User Cost

The opportunity cost of using a depletable resource now, which depletes its availability in the future, or the depreciation and maintenance cost associated with using durable goods.

Extraction Cost

Extraction cost is the expense associated with removing raw materials or natural resources from the Earth, factoring in labor, energy, and technology requirements.