At the beginning of 2004, Peters Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products. The company's on-time delivery percentage is

A) 100.0%.
B) 95.5%.
C) 94.7%.
D) 50.0%.

Question

At the beginning of 2004, Peters Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products. The company's on-time delivery percentage is

A) 100.0%. 
B) 95.5%. 
C) 94.7%. 
D) 50.0%.

Quizplus · Accepted Answer

The question mentions the on-time delivery percentage, which is likely a measure of how often Peters Company delivers products to customers on or before the promised delivery date. The fact that the percentage is given suggests that it is not 100%, which eliminates choice A. Additionally, choices B and D seem too extreme (either very high or very low) to be likely given the limited information provided. Therefore, the best choice is C, 94.7%, which seems like a reasonable percentage that is neither too high nor too low.

At the Beginning of 2004, Peters Company Installed a JIT