The Role of Management in an Organization That Practices a Lean

question 41

Multiple Choice

The role of management in an organization that practices a lean philosophy is:

• A) Disciplining employee
• B) Enforcing TQM guidelines
• C) Ensuring quality processes are followed
• D) Facilitating cultural change
• E) None of the above

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Definitions:

Net Increase

The amount by which something grows or rises, after accounting for any decreases.

Cost of Goods Sold

The total cost directly associated with producing or procuring the goods sold by a business during a specific period.

Trend Percentage

An analysis tool used to evaluate the systematic increase or decrease in financial statement items over different periods.

Horizontal Analysis

A financial analysis technique that compares historical financial information over a series of reporting periods to identify trends and growth patterns.