If the Move Toward ________ Is Simply a Harsh, Haphazard

question 118

Multiple Choice

If the move toward ________ is simply a harsh, haphazard cost-cutting approach, the result will be chaos, overworked people, and low morale.

• A)flexible factories
• B)lean manufacturing
• C)computer-integrated manufacturing
• D)quality management
• E)mass customization

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or guarantee repayment, which can be seized in case of default.

Creditor's Name

The name of an individual or entity to whom money is owed or who has provided credit to another party.

Debtor's Name

The legal name of an individual or entity that owes money to a creditor or lender.

Unsecured Creditor

A lender or creditor that extends credit without obtaining specific collateral, ranking below secured creditors in the event of a bankruptcy.