Lean Manufacturing Attempts to Significantly Reduce

question 120

Multiple Choice

Lean manufacturing attempts to significantly reduce

• A) profits
• B) inventory needed to produce products
• C) waste and simplify the production process
• D) processing time

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Definitions:

Years

A measurement of time consisting of 12 months or 365 days, used in financial calculations to determine periods.

Equipment

Tangible property used in business operations, such as machinery, computers, and furniture, which usually has a long-term use.

Rate of Return

The accrual or depletion in value of an investment over a stipulated period, expressed in terms of the percentage of the investment's beginning cost.

Save

The act of putting money aside in a safe place for future use or investment, typically in a bank account or other financial instrument.