Which of the Following Statements About Just-In-Time Purchasing,compared with Conventional

question 70

Multiple Choice

Which of the following statements about just-in-time purchasing,compared with conventional purchasing systems,is/are true?

• A) Quality control by the supplier is more crucial.
• B) Adherence to delivery schedules by the suppliers is more crucial.
• C) Vendors can be dropped or added quickly.
• D) Quality control by the supplier is more crucial AND adherence to delivery schedules by the suppliers is more crucial.

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Definitions:

Measures Of Location

Statistical metrics that indicate the central or typical value within a data set, including mean, median, and mode among others.

75th Percentile

A value below which 75% of the data in a dataset falls, indicating the upper quartile of the distribution.

Quartile

A type of quantile which divides a rank-ordered data set into four equal parts.

Central Tendency

A measure that represents the center or typical value of a dataset, commonly identified through the mean, median, or mode.