Which of the Following Is Not a Principle Regarding the Way

question 34

Multiple Choice

Which of the following is not a principle regarding the way lean systems function?
Identifying customer valuesfocusing on processes that create valueelimination of waste to create flowincreasing forecast accuracyproducing only according to customer demandoptimizing on setup costs with long production runsstriving for perfection

• A)IV
• B)both II and IV
• C)both IV and VI
• D)both IV and V
• E)VI

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Definitions:

Unrecaptured 1250 Gain

A type of gain on the sale of depreciable real property that’s taxed at a different rate than other capital gains.

Depreciation

The systematic allocation of an asset's cost over its useful life, reflecting its loss of value over time.

Gift Tax

A levy imposed on the act of transferring property from one person to another without receiving full value or any compensation in return.

Purchase Price

The amount of money paid to buy a good, service, or asset; fundamental in calculating the basis for investment or tax purposes.