Just in Time

Gloves for workers to wear to protect their hands during the production process are examples of what type of inventory?

• retail

  transit

• transit

• maintenance and repair

• none of these

Sally drives a truck that transports Nike shoes from the production plant to retail stores. The goods on the truck are

• safety inventory

• inventory

• repair inventory

• transit inventory

Items being transported from one location to another

• Cycle Inventory

• Raw Inventory

• Transit Inventory

• None of these

The quantity of goods that a firm has on hand

• Information

• Data

• Inventory

• None of these

The person who is responsible for purchasing the merchandise for a store

• Buyer

• Stock holder

• CEO

• None of these

The amount of goods a business has, including goods in the backroom and on the sales floor.

• Inventory

• Vendor

• Accountant

• All of these

What is the main benefit of increased productivity? (cost)

What are the 4 factors of production? (CELL)

Production or Manufacturing involves ..................................

• Labor

• Information

• Equipment

• all of these

The use of technology to erase human labor ____

• Automation

• Six Sigma

• one sigma

• All of these