To Implement a Flow Process in Developing a Lean System

question 72

Multiple Choice

To implement a flow process in developing a lean system a firm might do which of the following?

• A) Improve capacity utilization.
• B) Build product in anticipation of demand.
• C) Reduce setup/changeover time.
• D) Eliminate some fixed costs.
• E) Implement groupware.

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Definitions:

Rental Expense

Costs incurred in the process of renting a property, which can include payments for lease, maintenance, and utilities, often deductible for business or tax purposes.

Capital Improvement

An addition or change to a property that increases its value or usefulness, often extending its usability duration and treated differently than regular maintenance for tax purposes.

Rental Activity

Involves renting out property or equipment as a source of income, with tax implications based on the duration of rental and type of property.

Depreciation Deduction

A tax deduction that allows a taxpayer to recover the cost of property or assets that have a useful life beyond the tax year, by spreading the cost over the life of the property.