Total Cost Is

question 134

Multiple Choice

Total cost is:

• A) the sum of variable costs and fixed costs.
• B) average variable cost times quantity.
• C) the sum of average fixed cost and marginal cost.
• D) the sum of fixed cost and average variable cost.

Understand the core principles of lean manufacturing.

Recognize the distinction between lean manufacturing and traditional manufacturing philosophies.

Identify the types of waste targeted by lean manufacturing.

Comprehend the importance of a pull manufacturing system over a push system.