Which of the Following Is Characteristic of Lean Operations

question 3

Multiple Choice

Which of the following is characteristic of lean operations?

• A) long lead times
• B) easy, mindless jobs
• C) specialty workers with no cross-training
• D) low space requirements
• E) no supplier partnerships

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Definitions:

Profitability Ratios

Measures of a company’s overall financial performance by evaluating its ability to generate revenues in excess of expenses.

Inventory Turnover

Inventory turnover is a ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Return on Equity

A measure of the profitability of a business in relation to the equity, calculated as net income divided by shareholders' equity, expressing the company's ability to generate profits from its shareholders' investments.

Net Profit Margin

It is a financial metric that indicates how efficient a company is at generating profit compared to its revenue, expressed as a percentage.