Question:
Which of the following is not a correct comparison of a just-in-time system with a traditional system?
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Traditional
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Just-in-time
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a.
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Longer lead times
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Shorter lead times
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b.
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Inventory is an asset
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Inventory is a liability
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c.
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Some scrap tolerated
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Zero defects desired
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d.
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Lot size based on immediate need
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Lot size based on formulas
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