The Lean Philosophy Attempts to Reduce Setup Times, Which Will

question 26

Multiple Choice

The lean philosophy attempts to reduce setup times, which will

• A)increase batch sizes
• B)not affect batch sizes
• C)increase within-batch wait time
• D)decrease within-batch wait time

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Definitions:

Depreciation

The accounting method of allocating the cost of a tangible or physical asset over its useful life, reflecting the loss in value over time.

Business Use

The utilization of goods, services, or assets for the purpose of generating income or benefits in a business context.

Half-Year Convention

The Half-Year Convention is a method for calculating depreciation in which all assets acquired during a year are considered to have been acquired at the midpoint of the year.

Real Property

Land and anything permanently affixed to it, such as buildings, fences, and those things attached to the buildings.