A Method in Which Production of an Item Begins in Advance

question 158

Multiple Choice

A method in which production of an item begins in advance of customer needs is called:

• A) the andon method.
• B) the pull method.
• C) the jidoka method.
• D) the push method.

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Definitions:

Subjective Probabilities

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The average of all the possible returns from an investment, weighted by their likelihood.

Expected Return

The average of all possible returns from an investment, weighted by the likelihood of each outcome.