The Lean Approach Aims to Reduce Which of the Following

question 5

Multiple Choice

The lean approach aims to reduce which of the following?

• A) Poor floor layout
• B) Rework
• C) Work in progress
• D) All of the above

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Definitions:

Gross Domestic Product

The sum of the economic value of every product and service generated inside a nation's boundaries over a particular time frame.

Final Goods And Services

Products that have been processed to their final form and are available for consumption or investment without further modification.

Final Good

A product that is consumed by the end user and does not require any further processing or manufacturing.

Real GDP

Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced by an economy in a given year in constant prices.