The Following Strategy Is Usually Employed by Lean Organizations in an Effort

question 14

Multiple Choice

The following strategy is usually employed by lean organizations in an effort to ensure continued quality compliance among suppliers and with internal production facilities:

• A) Six Sigma
• B) MRP II
• C) 3PL
• D) CAPS

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Definitions:

Compounded Semi-annually

Refers to the process of calculating interest on an investment or loan twice a year.

Compounded Monthly

Interest calculation method where interest is added to the principal balance each month, influencing the next month's interest.

Variable-rate Loan

A loan where the interest rate can change over time based on an underlying benchmark or index.

Compounded Monthly

A method of calculating interest where the earned interest is added to the principal so that the balance doesn't merely grow, it grows at an increasing rate.