Which of the Following Is a Lean Production Technique That

question 31

Multiple Choice

Which of the following is a lean production technique that is not reported in the textbook to have been successfully applied in service firms?

• A)Organize problem-solving groups
• B)Upgrade housekeeping
• C)Upgrade quality
• D)Freeze windows
• E)Eliminate unnecessary activities

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Definitions:

Underwriter

A person or company that evaluates and takes on financial risk, often seen in the context of issuing insurance policies or in the evaluation and sale of securities in an initial public offering (IPO).

Shares

Ownership units in a corporation or financial asset, shares ensure an equitable share in profits through dividends, when they are announced.

Flotation Costs

Expenses incurred by a company in issuing new securities, including fees to underwriters, legal fees, and registration fees.