Which of the Following Is an Advantage of Just-In-Time Production

question 9

Multiple Choice

Which of the following is an advantage of just-in-time production?

• A) Productive tools are flexible or lean.
• B) Product quality is enhanced because manufacturing defects can be quickly identified and rectified.
• C) This type of production calls for dramatic organizational restructuring.
• D) Workers are more efficient because they start work immediately upon entering the workplace because training takes place on the job.
• E) Workers are induced to operate at comparatively higher levels of effort.

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Definitions:

Profit Margin Ratio

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of sales.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses, indicating the company's profitability.

Net Sales

The revenue from sales after deducting returns, allowances for damaged or missing goods, and discounts.

Times Interest Earned

A metric that measures a company's ability to meet its interest payments on outstanding debt.