A company that utilizes just-in-time inventory eliminates the need for budgeting.

Name: A company that utilizes just-in-time inventory eliminates the need for budgeting.
Brand: Quizplus
Rating: 4.8 (63 reviews)

Question

Quizplus · Accepted Answer

Just-in-time inventory does not eliminate the need for budgeting, as there are still costs associated with inventory management, transportation, and production. Budgeting is necessary to ensure that these costs are accounted for and managed effectively.

A Company That Utilizes Just-In-Time Inventory Eliminates the Need for Budgeting