Which One the Following Is Not a Guiding Principle of Lean

question 1

Multiple Choice

Which one the following is not a guiding principle of lean philosophy?

• A) Satisfy the needs of customers by doing only value-added activities.
• B) Be flexible in response to customer demands.
• C) Define the value stream by flowcharting the process.
• D) Eliminate waste.

Understand the importance of considering various factors, including health disparities, when planning programs or evaluations.

Recognize the challenges non-English speakers with high literacy in their own language face in understanding health care instructions.

Evaluate the relationship between health care spending and health outcomes.

Appreciate the role of a large social network in contributing to personal health.

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Definitions:

Managerial Accounting

The process of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization's goals.

Weighted Average Method

A costing method used to determine the average cost of inventory by weighting the cost of goods available for sale by the total units available.

Equivalent Units

A concept used in cost accounting to denote the amount of finished goods units that could have been produced given the total amount of direct materials, labor, and overhead costs incurred.

FIFO Method

An inventory valuation method that assumes the first items purchased are the first ones sold, standing for "first-in, first-out."