Which of the Following Statements About the Lean Approach and Just-In-Time

question 68

Multiple Choice

Which of the following statements about the lean approach and just-in-time (JIT) is false?

• A)JIT tends to focus on product movement from manufacturer to retailer.
• B)Organizations should give careful consideration before adopting a lean philosophy.
• C)The lean approach views inventory as waste.
• D)Trucking is an important mode of transportation in JIT systems.

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Definitions:

Comparative Advantage

The capability of a nation or person to generate a specific product or service with a lesser opportunity cost compared to others.

Trade Benefit

The advantage gained by countries, companies, or individuals from engaging in international trade, including increased economic output, efficiency, and consumer choice.

Soybeans

A type of edible legume that is widely cultivated for its nutrient-rich seeds and oil.

Alfalfa

A perennial flowering plant widely cultivated as fodder for livestock due to its high protein content and essential nutrients.