In the Context of Lean Tools and Approaches,__________, One of the Components

question 24

Multiple Choice

In the context of lean tools and approaches,__________, one of the components of the 5S principles, refers to a clean work area.

• A) shine
• B) standardize
• C) sort
• D) sustain

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Definitions:

Marginal Cost

The escalation of full cost associated with manufacturing an additional unit of a good or service.

Output

The amount of products or services that a company, sector, or nation generates over a specific period of time.

Total Fixed Cost

The sum of all costs that do not change with the level of output, even if that output is zero.

Output Level

The quantity of goods or services produced by a firm or industry at a given time.