Replacing Mass Manufacturing by Lean Manufacturing

question 28

Multiple Choice

Replacing mass manufacturing by lean manufacturing:

• A)Always improves operational performance.
• B)Can reduce operational performance if human resource management is not adapted to the new manufacturing processes.
• C)Only improves operational performance for industries subject the unpredictable demand and intense competition.
• D)Was successful for Toyota and several other Japanese companies,but is much less successful in the US and Europe.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period.

Expected Sales

Forecasted or projected revenue figures estimated from future sales over a specific period.

Flexible Budgeting

A budgeting process that allows for adjustments to budgetary allocations based on changes in actual performance, revenue, or other factors.

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.