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Which of the following is not a correct comparison of a just-in-time system with a traditional system?

Traditional                                  Just-in-Time

A. Longer lead times                    Shorter lead times

B. Inventory is an asset            Inventory is a liability

C. Some scrap tolerated           Zero defects desired

D. Lot size based on immediate need     Lot size based on formulas

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Question ajoutée par Utilisateur supprimé
Date de publication: 2015/02/22
Lesley Lanag CMA CPA
par Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

Answer : D

In traditional system (MRP), inventory level is computed based on budgeted sales and production; whereas in JIT, a push-system, inventory is only purchased when a sales order is placed by customer.

Sara Naeem
par Sara Naeem , Trainee Finance officer , Wah Brass Mill

Agree with Miss Lesley Lanag.

imran Noor -
par imran Noor - , Audit Officer , Auditor General of Pakistan

The correct option is >>>>>>>>>>>>>>>>>>>(D)

Ahsan Iqbal
par Ahsan Iqbal , Audit Senior , AABS

D. Lot size based on immediate need     Lot size based on formulas

Mobeen Tahir
par Mobeen Tahir , Credit Officer , Tawuniya Insurance

Option D is the correct answer of this question.

Assem Al Tamimi
par Assem Al Tamimi , Head of Supply Planning , Al Fakher

D - Just-in-time system uses exact lot quantities as per needs only !

AZHAR NAWAZ
par AZHAR NAWAZ , Assistant Manager Accounts , Quantum Geoservices (Pvt) Ltd

Its is option B.............

D.Lot size based on immediate need   

 

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer D is the correct answer thank you for your invitation

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (D)

Details: As opined by Ms. Lesley Lenag.  Good explanation.

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