Which of the Following Is NOT an Attribute of Lean

question 63

Multiple Choice

Which of the following is NOT an attribute of lean operations?

• A) eliminating almost all inventory through just-in-time techniques
• B) minimizing space requirements by reducing the distance a part travels
• C) pushing responsibility to the highest level possible through centralized decision making
• D) educating suppliers to accept responsibility for helping meet customer needs
• E) building worker flexibility through cross-training and reducing job classifications

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Definitions:

Monopoly Power

The control held by a single entity over the entire market for a product or service, allowing it to significantly influence or set prices.

Lawsuits

Legal actions taken by one party against another for the redress of grievances in a court of law.

Wal-Mart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Natural Monopoly

A market condition where due to high fixed costs or unique product, a single firm can supply a product or service to an entire market at a lower cost than two or more firms.