Which of the Following Are Related to Lean Production

question 30

Multiple Choice

Which of the following are related to lean production?

• A) A philosophy of waste elimination
• B) Lean consumption
• C) Never running out of inventory
• D) The Wahei-Subaru method
• E) Full use of capacity

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Definitions:

Agency Relationships

A legal relationship in which one party (the agent) acts on behalf of another party (the principal) in a business transaction.

Act of State Doctrine

A principle in international law that a nation is sovereign within its own borders and its domestic actions may not be questioned in the courts of another nation.

Arbitration Clause

A provision in a contract that requires disputes between the parties to be resolved through arbitration rather than through litigation in court.

Expropriation

The seizure by a government of privately owned business or personal property for a proper public purpose and with just compensation.