Lean Is a Management Philosophy That Focuses On

question 6

Multiple Choice

Lean is a management philosophy that focuses on:

• A)prevention,appraisal and internal failure costs.
• B)data to reduce variation and waste.
• C)maximizing customer value while eliminating waste.
• D)the voice of the customer.
• E)statistical quality control (SQC)techniques.

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Definitions:

Paycheck

A check issued by an employer to pay an employee for services rendered.

Embezzlement

The act of dishonestly withholding or appropriating assets, usually money, entrusted to one's care for personal use.

Daily Cash Flow

A financial report showing the net amount of cash that is received or dispersed by a business within a given day.

Receipts

Documents that acknowledge the receipt of goods or the receipt of a transaction.