The Lean Manufacturing Philosophy Views Inventory as an Unnecessary Waste

question 96

True/False

The lean manufacturing philosophy views inventory as an unnecessary waste of resources.

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Definitions:

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

United States

A country located in North America, consisting of 50 states and known for its significant influence in global politics, economy, and culture.

Green

Often associated with environmental sustainability, this term refers to practices, products, or initiatives that are environmentally friendly.

Bipolar Disorder

A mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).