Which of the Following Is Characteristic of the Lean Philosophy

question 109

Multiple Choice

Which of the following is characteristic of the lean philosophy?

• A)Inventories are an asset.
• B)Lot sizes are optimized by formula.
• C)Close, long-term relationships with vendors.
• D)Queues are a necessary investment.
• E)All of the choices.

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Definitions:

Industrial Revolution

A period of significant industrial growth and technological innovation that began in the late 18th century, leading to major changes in manufacturing, mining, and transport.

Industrial Societies

Societies characterized by a reliance on mechanized labor to create goods, leading to increased urbanization and changes in social structures.

Agricultural Societies

Communities or societies that primarily rely on agriculture and farming as the main source of livelihood and economic activity.

Agrarian Societies

Societies primarily based on agricultural production and rural communities.