Which of the Following Is Not an Element of the Building

question 26

Multiple Choice

Which of the following is not an element of the building blocks of JIT/lean operations?

• A)High levels of quality in products and processes
• B)Highly specialized,narrowly focused,process design
• C)A program of continuous improvement
• D)Level loading production planning
• E)Close supplier relationships

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Definitions:

Total Consumption

The aggregate amount of goods and services consumed in an economy, including individual and governmental consumption.

Saving

The portion of income not spent on current expenditures or taxes, often put aside for future use or investment.

Induced Consumption

Consumer spending that varies with income levels; as income rises, consumption increases, and as income falls, consumption decreases.

Disposable Income

The sum of money available to a person for spending and saving after they have paid their taxes.