Which One of the Following Statements About Just-In-Time Inventory Management

question 45

Multiple Choice

Which one of the following statements about just-in-time inventory management policy is NOT true?

• A) It calls for the exact day-by-day, or even hour-by-hour raw material needs to be delivered by the suppliers.
• B) If the supplier fails to make the needed deliveries, then production shuts down.
• C) A big disadvantage in this system is that there are high raw inventory costs.
• D) It eliminates obsolescence or loss to theft.

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Definitions:

Social Psychology

The scientific study of how individuals think, influence, and relate to one another within a societal context.

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.

Egoism

A theory or practice that emphasizes self-interest as the foundation or motivation for action, often prioritizing self-benefit over the welfare of others.

Distinction

A difference or contrast between similar things or people, making one stand out from the other.