__________Is Useful When Combined with Lean Production Methods That Use

question 6

Multiple Choice

__________is useful when combined with lean production methods that use automation and information technology to reduce requirements for workers and inventory.

• A) customer-driven production
• B) flexible production
• C) continuous production
• D) synthetic production

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Definitions:

Internal Rate of Return

A financial metric used to estimate the profitability of potential investments, calculating the discount rate that makes the net present value of all cash flows from the investment equal to zero.

Present Value

The present value of a future amount of money or a series of cash flows, calculated using a given interest rate.

Annuity

A finance-related product designed to issue a predetermined series of payouts to an individual, typically aimed at serving as an income source for retirement.

Net Present Value

A calculation that compares the present value of cash inflows to the present value of cash outflows over a period of time, used in capital budgeting to assess profitability of investments.