Just in Time

Just in Time

11th Grade

10 Qs

quiz-placeholder

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Just in Time

Just in Time

Assessment

Quiz

Business

11th Grade

Hard

Created by

Hannie Verita

Used 9+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What inventory system developed by Toyota?

Kaizen

Just in Time

Lean Production

Cell Production

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

How did JIT benefit Toyota?

Land and resources were scare

No room for storage

Labor cost was high

Sales was low

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

JIT could also means

Buy in bulk

Just enough stock

High inventory

Zero inventory

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the conditions of JIT?

Supply is near

Many suppliers

Reliable supplier

Flexible workers and equipments

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the costs of holding inventory?

Storing cost

Expired stock

Lead time will be short

Customer will have to wait

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the disadvantages of holding low inventory?

Low cost

Opportunity cost

Lost of sales

Economies of scale

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When should a business order more stocks?

Lead time

Maximum level

Minimum level

Reorder point

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