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What Method of Production Eliminates the Need for Inventories Because

Question 22

Multiple Choice

What method of production eliminates the need for inventories because no production takes place until the firm knows that it will sell the item?


A) First-in,last-out methods
B) Last-in,first-out methods
C) Just-in-time methods
D) Next-in,first-out methods

Correct Answer:

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