A just-in-time inventory system:

I. when implemented properly reduces the cost of inventory to zero.
II. increases the inventory turnover rate.
III. is sufficient to handle immediate production needs.
IV. minimizes the costs of holding inventory.

a) I and III only

b) II and IV only

c) I, II, and IV only

d) II, III, and IV only

e) I, II, III, and IV