Which of the following is true of Just-in-Time (JIT) Management?
A) It results in more storage and insurance costs.
B) It is a system in which the company produces products only after receiving an order.
C) It promotes surplus inventory to prevent production shut-down in case of supply interruptions.
D) It requires a surplus inventory of finished goods to ensure timely, or just-in-time, delivery to customers.
B
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Data for Sherman, Inc are as follows
2017 2016 Net Sales $850,000 $798,000 Cost of Goods Sold 635,000 580,000 Selling and Administrative Expenses 50,000 35,000 Other Expenses 20,000 15,000 Income Tax 40,000 55,000 Prepare a horizontal analysis of the comparative income statement of Sherman, Inc (Round to one decimal place.) Use a multi-step income statement. What will be an ideal response
Industrial economies provide limited marketing opportunities for luxurious goods
Indicate whether the statement is true or false