Lean Operations Are Known for Their

question 89

Multiple Choice

Lean operations are known for their:

• A)employee development.
• B)supplier education.
• C)supplier partnerships.
• D)challenging jobs.
• E)All of the above are attributes of lean operations.

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Definitions:

Marginal Utility

The extra pleasure or benefit gained from using one more unit of a product or service.

Indifference Schedule

A table or graph that shows a combination of two goods that give a consumer equal satisfaction and utility, illustrating consumer preferences.

Units of X

A term often used in economics to denote a quantity of a particular good or service being considered.