Utilizing Multiple Machines for Different Functions Is an Example of Lean

question 29

True/False

Utilizing multiple machines for different functions is an example of lean flexibility.

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Definitions:

Credit Default Swap

A financial instrument that enables an investor to transfer or mitigate their credit risk by exchanging it with another investor.

Insurance Contract

A legally binding agreement between an insurer and the insured, where the insurer agrees to compensate for certain losses in exchange for a premium.

Long Hedges

Occur when futures contracts are bought in anticipation of (or to guard against) price increases.

Short Hedges

Occur when futures contracts are sold to guard against price declines.