Lean Manufacturing

question 28

Multiple Choice

Lean manufacturing

• A)is being used less often by manufacturing firms.
• B)is in contrast to traditional mass-production operations.
• C)is apt to be used by firms that use large amounts of direct labour to produce their products.
• D)sets out to minimize rather than eliminate waste.

---

Definitions:

Additional Unit

Refers to the next unit of production or consumption beyond the current level.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.

Marginal Cost

The cost increase resulting from the production of an extra unit of a product or service.

Part-Time Business

A venture or enterprise operated on a less than full-time basis, often alongside another job or personal commitments.