Which of the following is true about firms using just-in-time (JIT) inventory system?
A) A company is more likely to have excess unsold inventory that it has to write off against earnings.
B) Parts enter the manufacturing process immediately; they are not warehoused.
C) It is difficult to spot and fix defective inputs.
D) The amount of working capital a company needs to finance inventory increases.
E) A firm has ample buffer stock of inventory.
Correct Answer:
Verified
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