Lean Manufacturing Involves

question 13

Multiple Choice

Lean manufacturing involves:

• A)Decreasing production
• B)Using nonmonetary measures of performance
• C)Eliminating wasteful processes
• D)all of the above

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Definitions:

Required Return

The minimum annual percentage earned by an investment that will induce individuals or companies to commit money to the investment. It is also known as the cost of capital when applied to investment appraisal.

Ignore Taxes

A financial analysis assumption where tax implications are disregarded to simplify the calculation.

Initial Cost

The initial expenditure associated with purchasing an asset or starting a project, including setup, implementation, and acquisition costs.

CCA Class

Stands for Capital Cost Allowance Class, which is a Canadian tax categorization for depreciation of tangible and intangible assets.