- 1 Marks
MI – May 2024 – L1 – SA – Q8 – Costing Techniques
Identifies an activity that adds value in a Just-In-Time (JIT) production system.
Question
“Just-In-Time” works on a demand-pull basis and seeks to eliminate all waste and activities that do not add value. Which of the following activities adds value to a product?
A. Inspection time
B. Storage time
C. Processing time
D. Queuing time
E. Transport time
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