When Lean Is Used in the Context of Services, Which

question 52

Multiple Choice

When lean is used in the context of services, which of the following is most often the focus?

• A)the labor content of the service
• B)the time needed to perform a service
• C)the inventory tied up in the service
• D)the equipment used in the service
• E)suppliers of inputs to the service

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Definitions:

Individual Income Tax

A tax imposed by federal, state, and/or local governments on the income earned by individuals.

Earnings and Profits

A measure of a company's ability to generate income over its expenses, often used in corporate taxation.

Capital Gain

The profit from the sale of a capital asset, such as stocks, bonds, or real estate, exceeding the purchase price.

Stockholder

An individual or entity that owns shares of stock in a corporation, giving them a claim on part of the corporation's assets and earnings.