The Lean System Concept Will Not Work Without the Proper

question 145

Multiple Choice

The lean system concept will not work without the proper environment. Which one of the following characteristics is most common to firms that have successfully implemented a lean system?

• A) uniform assembly schedules
• B) specialized workforce
• C) high rates of machine failures
• D) longer setup times

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Definitions:

Merchandise

Goods that are purchased for resale to customers in the normal course of business operations.

Inventory Shrinkage

The loss of products between purchase from suppliers and sale to customers, often due to theft, damage, or clerical errors.

Operating Expense

Costs associated with the day-to-day operation of a business, including rent, utilities, and salaries.

Physical Count

The process of counting the actual inventory on hand to ensure accuracy in inventory records.