Shoichiro Toyoda, Former President of Toyota Motors, Built on Ford's

question 66

Multiple Choice

Shoichiro Toyoda, former president of Toyota Motors, built on Ford's concepts and focused on the need to eliminate waste from the production system. He followed a(n) _____ approach.

• A) assembly line
• B) distribution
• C) lean production
• D) synchronous production

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Definitions:

Sample Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.

Sample Proportion

A statistic that estimates the fraction of the total population that exhibits a specific attribute, calculated from a sample.

Standard Error

A statistical measure that estimates the accuracy with which a sample distribution represents a population by using standard deviation.

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen.