Direction: It consists of two statements, one labelled as ‘Statement (I)’ and the others as ‘Statement (II)’. You are to examine these two statements carefully and select the answer using the codes given below:Statement (I): The concept of Just-In-Time is operationalized when the exact number of units required are bought at each successive stage of production, at the appropriate time.Statement (II): Just-In-Time concept has been expanded to mean a manufacturing philosophy of eliminating waste.

• A. Both Statement (I) and Statement (II) individually true and Statement (II) is the correct explanation of Statement (I)
• B. Both statement (I) and Statement (II) are individually true, but Statement (II) is not the correct explanation of Statement (I)
• C. Statement (I) is true, but Statement (II) is false
• D. Statement (I) is false, but Statement (II) is true