________ Strives to Achieve the Highest Possible Productivity and Total

question 23

Multiple Choice

________ strives to achieve the highest possible productivity and total quality, cost-effectively, by eliminating unnecessary steps in the production process and continually striving for improvement.

• A) Lean manufacturing
• B) Continuous processing
• C) Mass customization
• D) Large batch technology
• E) Crowdsourcing

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Definitions:

Merger Clause

A clause in a written agreement within the statute of frauds that states that the written agreement accurately reflects the final, complete version of the agreement.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed to be enforceable.

Obligor's Consent

The necessary agreement or permission from the party obligated to perform under a contract or legal duty.

Parol Evidence Rule

A legal principle that prohibits the use of oral or written statements made prior to or at the time of a written contract to change or contradict the terms of the contract.