Under the Lean Production Concept,employees Are Better Utilized If They

question 18

True/False

Under the lean production concept,employees are better utilized if they are experts in one operation rather than wasting time training them to learn various production operations.

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Definitions:

Four-Figure Accuracy

Refers to numerical accuracy up to four digits, often used in scientific and mathematical contexts to maintain precision.

Repeating Decimal

A decimal fraction in which a figure or group of figures is repeated indefinitely.

Percent Equivalent

A way to express a number as a fraction of 100, commonly known as a percentage.

Nearest 0.01%

Rounding to the closest one-hundredth of a percent, often used in financial calculations to ensure precision.