One Objective of Lean Production Is to

question 63

Multiple Choice

One objective of lean production is to

• A) reduce the quality of a product to keep unit costs low.
• B) reduce setup times for complex equipment.
• C) replace product variety with standardized output.
• D) decrease utilization of individual machines through scheduling.
• E) increase the level of minimum efficient scale of output.

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Definitions:

Lump Sum

A single payment made at a particular time, as opposed to smaller installments made over a period.

Impact

The effect or influence of one thing on another, particularly in the context of changes or interventions.

Paychecks

Regular payments made to employees for their work, typically issued on a fixed schedule and reflecting gross earnings, net earnings, and deductions.

Incentive Pay

Additional compensation awarded to employees for achieving defined goals, exceeding performance standards, or for exceptional contributions to the company.