The Advantage of a Just-In-Time (JIT) System Is That There

question 4

True/False

The advantage of a just-in-time (JIT) system is that there are huge savings in costs relating to the holding of inventory as JIT companies never hold inventories of any description.

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Definitions:

E-Mail

A method of sending messages electronically from one user to another via the internet.

Money Laundering

Falsely reporting income that has been obtained through criminal activity, such as illegal drug transactions, as income obtained through a legitimate business enterprise, to make the "dirty" money "clean."

Criminal Activity

Conduct that violates the law and is punishable by sanctions such as fines, imprisonment, or other penalties.

Legal Business

Operations and activities of organizations or individuals that are concerned with the law, including law firms, legal consultation, and court proceedings.